Contract terms are the specific conditions and provisions outlined in a legal agreement between parties. These terms define the rights, responsibilities, and obligations of each party involved, ensuring clarity and mutual understanding. Common elements include payment details, deadlines, and the scope of work. Understanding contract terms is essential for avoiding disputes and ensuring compliance. Each term serves to protect the interests of the parties, such as contractor and client, by clearly stating what is expected. When both parties agree to the terms, they create a binding agreement that can be enforced by law.