what is a term in a contract called?
<answer> The terms section in a contractincludes the price, details of the payment, the length of the contract and when the services or products will be delivered. <context> More detailed information about the deal is included in the terms section of the business contract. This section spells out exactly what services or products are expected from the company doing the work. The terms section also includes the price, details of the payment, the length of the contract and when the services or products will be delivered. Some business contracts also include special terms, such as whether the contract can be canceled for any particular reason.