Contract terms in plain English.
Browse 32+ terms the way people actually encounter them in contracts, then jump into a full analysis if a clause looks risky.
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32 terms available. Start with search or browse the alphabet rail below.
A non-disclosure agreement (NDA) is a contract requiring one or both parties to keep specified information confidential and not share...
Read term →An indemnification clause requires one party to compensate the other for specified losses, damages, legal fees, and related costs.
Read term →An arbitration clause requires disputes to be resolved through a private arbitration process instead of going to court.
Read term →An automatic renewal clause (also called an evergreen clause) causes a contract to renew for another term unless one party...
Read term →A choice of law clause specifies which state's or country's legal framework governs the interpretation and enforcement of the contract.
Read term →A non-compete agreement restricts you from working for competitors or starting a competing business for a specified time period within...
Read term →A
An arbitration clause requires disputes to be resolved through a private arbitration process instead of going to court.
Read full definition →An assignment clause controls whether either party can transfer their rights or obligations under the contract to a third party.
Read full definition →At-will employment is an arrangement where either the employer or the employee can end the relationship at any time, for...
Read full definition →An automatic renewal clause (also called an evergreen clause) causes a contract to renew for another term unless one party...
Read full definition →B
C
A choice of law clause specifies which state's or country's legal framework governs the interpretation and enforcement of the contract.
Read full definition →A confidentiality clause requires you to keep certain information secret and not share it with third parties.
Read full definition →Consequential damages are losses that go beyond the direct, immediate harm of a breach: lost profits, missed business opportunities, reputational...
Read full definition →A counterparts clause states that the contract can be executed in multiple separate copies, each of which is treated as...
Read full definition →E
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Garden leave is a contractual provision requiring you to remain employed (and paid) during your notice period while being barred...
Read full definition →A governing law clause specifies which state's or country's legal framework applies when interpreting the contract and resolving disputes.
Read full definition →I
An indemnification clause requires one party to compensate the other for specified losses, damages, legal fees, and related costs.
Read full definition →An intellectual property assignment clause transfers ownership of IP you create during the engagement to the other party.
Read full definition →IP assignment is short for Intellectual Property Assignment.
Read full definition →J
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A limitation of liability clause caps the maximum amount one party can recover from the other in a dispute.
Read full definition →A liquidated damages clause sets a pre-specified dollar amount that one party must pay if they breach the contract.
Read full definition →M
N
A non-disclosure agreement (NDA) is a contract requiring one or both parties to keep specified information confidential and not share...
Read full definition →A non-compete agreement restricts you from working for competitors or starting a competing business for a specified time period within...
Read full definition →A non-solicitation clause prohibits you from actively reaching out to the other party's clients, customers, or employees after the contract...
Read full definition →A notice provision specifies how formal communications between the parties must be delivered and when those communications are considered officially...
Read full definition →P
R
Representations and warranties are factual statements each party makes about themselves, their business, their authority to enter the contract, and...
Read full definition →A right of first refusal (ROFR) gives one party the right to match any offer made by a third party...
Read full definition →S
T
Termination for cause allows one or both parties to end the contract when the other party breaches a specific, defined...
Read full definition →Termination for convenience allows one or both parties to end the contract at any time, without needing to provide a...
Read full definition →W
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