intermediate term
Definition
Contractual term the breach of which does not automatically discharge the innocent party from its obligations under the contract or entitle an injured party to damages. A court or an arbitrator must evaluate the seriousness of the breach and its effects before any such decision can be made. See also innominate term.
intermediate term is in the Agreements & Contracts and Corporate, Commercial, & General Law subjects.
intermediate term appears in the definitions of the following terms: innominate term, Arms index, warranty and condition
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