What are the most important terms of a contract?


The most important terms of the contract are what we call the negotiated terms, the terms that the parties sit across the table from each other and agree to. And these typically involved the goods and services that are being provided, and the cost that's going to be paid for those goods and services, and the timing. There can be numerous boiler-plate portions of a contract, but the most important terms are those negotiated terms.