What refers to contractual terms that are explicitly agreed and written into a contract?

The term that refers to contractual terms explicitly agreed upon and written into a contract is express terms. These are the specific provisions that both parties have stated and accepted during the contract negotiation process. Express terms clearly outline the rights, duties, and obligations of the parties involved, leaving little room for ambiguity.

In a well-structured contract, express terms can cover a wide range of topics, including payment schedules, delivery timelines, quality specifications, and any other pertinent details that both parties have considered and agreed to. Having these terms documented helps in providing clarity and can be crucial in resolving any disputes that may arise over the interpretation of the contract.

Implied terms, on the other hand, are not specifically stated in the contract but are assumed to be in effect based on the nature of the agreement, the nature of the relationship between the parties, or legal statutes. Standard terms typically refer to pre-written clauses that have been previously established by one party, which may not always be explicitly negotiated. Negotiated terms would involve conditions that were discussed and tailored specifically for the transaction or relationship but do not necessarily indicate that those terms are all written or expressed clearly in the contract.

Therefore, express terms are critical for ensuring that all parties have a common understanding of the contract conditions and