Contract Year definition: Copy, customize, and use instantly
Introduction
The term "Contract Year" refers to a specific 12-month period within the duration of a contract, typically used for tracking obligations, performance, payments, or renewals. It is essential for defining timelines, measuring compliance, and ensuring clarity in contractual commitments.
Below are various examples of how "Contract Year" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Contract Year" as a period starting from the effective date
This definition ties "Contract Year" to the anniversary of the contract’s effective date.
"Contract Year" means the 12-month period beginning on the Effective Date and each successive 12-month period thereafter during the term of this Agreement.
Definition of "Contract Year" as a calendar-based period
This definition connects "Contract Year" to a standard calendar year.
"Contract Year" refers to the period beginning on January 1 and ending on December 31 of each year during the term of this Agreement.
Definition of "Contract Year" as a fiscal year-based period
This definition links "Contract Year" to an entity’s fiscal year.
"Contract Year" means the 12-month period corresponding to the fiscal year of the Company, beginning on [Fiscal Year Start Date] and ending on [Fiscal Year End Date].
Definition of "Contract Year" as a rolling 12-month period
This definition applies "Contract Year" to a continuously measured 12-month cycle.
"Contract Year" refers to any consecutive 12-month period commencing on any given date within the term of this Agreement.
Definition of "Contract Year" as a period aligned with the contract’s commencement
This definition ties "Contract Year" to the contract’s start date.
"Contract Year" means the 12-month period commencing on the Commencement Date and each successive 12-month period thereafter during the term of this Agreement.
Definition of "Contract Year" as a lease-specific term year
This definition connects "Contract Year" to a lease period.
"Contract Year" refers to each 12-month period beginning on the Lease Commencement Date and continuing throughout the lease term.
Definition of "Contract Year" as a regulatory compliance period
This definition links "Contract Year" to compliance reporting.
"Contract Year" means the 12-month period used for measuring compliance with applicable regulatory requirements under this Agreement.
Definition of "Contract Year" as a period ending on an anniversary date
This definition applies "Contract Year" to an annual renewal structure.
"Contract Year" refers to the 12-month period ending on the anniversary of the Effective Date of this Agreement.
Definition of "Contract Year" as an operational performance period
This definition ties "Contract Year" to an entity’s operational cycle.
"Contract Year" means any 12-month period during which performance metrics under this Agreement are assessed.
Definition of "Contract Year" as a financial reporting cycle
This definition connects "Contract Year" to financial reporting timelines.
"Contract Year" refers to the 12-month period used for financial reporting and budgeting purposes under this Agreement.
Definition of "Contract Year" as an installment payment cycle
This definition links "Contract Year" to installment-based payments.
"Contract Year" means each 12-month period during which payments are due in accordance with the payment schedule set forth in this Agreement.
Definition of "Contract Year" as a milestone-based period
This definition applies "Contract Year" to the timing of project milestones.
"Contract Year" refers to the 12-month period used to measure the achievement of milestones under this Agreement.
Definition of "Contract Year" as a period aligned with revenue targets
This definition ties "Contract Year" to revenue-related performance.
"Contract Year" means the 12-month period used to assess revenue targets and financial obligations under this Agreement.
Definition of "Contract Year" as a date-driven anniversary cycle
This definition connects "Contract Year" to a specific calendar start date.
"Contract Year" refers to each 12-month period commencing on [Specific Date] and ending on the day before the anniversary of such date.
Definition of "Contract Year" as a taxation period
This definition links "Contract Year" to tax filing obligations.
"Contract Year" means the 12-month period corresponding to the tax year applicable to the parties under this Agreement.
Definition of "Contract Year" as a promotional or licensing period
This definition applies "Contract Year" to licensing rights and marketing timelines.
"Contract Year" refers to the 12-month period during which marketing and licensing rights granted under this Agreement remain valid.
Definition of "Contract Year" as a variable-length period for initial term adjustment
This definition ties "Contract Year" to an adjusted first period.
"Contract Year" means the initial period commencing on the Effective Date and ending on the last day of the 12th full calendar month thereafter, with each subsequent Contract Year consisting of 12 full calendar months.
Definition of "Contract Year" as a period defined by production volume
This definition connects "Contract Year" to output-based performance.
"Contract Year" refers to the 12-month period during which the production requirements set forth in this Agreement are measured.
Definition of "Contract Year" as a vendor service period
This definition links "Contract Year" to vendor obligations.
"Contract Year" means each 12-month period during which the Vendor must fulfill its service commitments under this Agreement.
Definition of "Contract Year" as an insurance coverage period
This definition applies "Contract Year" to insurance policy timelines.
"Contract Year" refers to the 12-month period for which insurance coverage remains in effect under this Agreement.
Definition of "Contract Year" as a bonus eligibility cycle
This definition ties "Contract Year" to employee compensation structures.
"Contract Year" means each 12-month period during which bonus eligibility is determined based on performance criteria.
Definition of "Contract Year" as a supply agreement term
This definition connects "Contract Year" to supplier obligations.
"Contract Year" refers to the 12-month period during which minimum purchase obligations are assessed under this Agreement.
Definition of "Contract Year" as a royalties assessment period
This definition links "Contract Year" to intellectual property revenue tracking.
"Contract Year" means the 12-month period used for calculating and remitting royalties under this Agreement.
Definition of "Contract Year" as an investor return period
This definition applies "Contract Year" to return-on-investment tracking.
"Contract Year" refers to the 12-month period used for measuring financial returns to investors under this Agreement.
Definition of "Contract Year" as a compliance monitoring period
This definition ties "Contract Year" to ongoing regulatory compliance.
"Contract Year" means each 12-month period during which the parties must comply with the obligations outlined in this Agreement.
Definition of "Contract Year" as a phase of contract performance
This definition connects "Contract Year" to project-based contract execution.
"Contract Year" refers to a distinct 12-month period within the contract term, used to evaluate phased obligations.
Definition of "Contract Year" as a business cycle assessment period
This definition links "Contract Year" to operational business cycles.
"Contract Year" means the 12-month period used to review and adjust business strategies under this Agreement.
Definition of "Contract Year" as a deferred revenue recognition period
This definition applies "Contract Year" to deferred accounting practices.
"Contract Year" refers to each 12-month period in which deferred revenue is recognized in accordance with applicable accounting standards.
Definition of "Contract Year" as a performance obligation period
This definition ties "Contract Year" to contractual duties.
"Contract Year" means each successive 12-month period during which performance obligations under this Agreement must be fulfilled.
Definition of "Contract Year" as a debt repayment schedule period
This definition connects "Contract Year" to loan repayment structures.
"Contract Year" refers to the 12-month period used for structuring debt repayment schedules under this Agreement.
Definition of "Contract Year" as a subscription renewal period
This definition links "Contract Year" to subscription-based service terms.
"Contract Year" means each 12-month period following the initial term, used to determine subscription renewals and fees.
Definition of "Contract Year" as a research funding period
This definition applies "Contract Year" to grant and funding cycles.
"Contract Year" refers to the 12-month period used to allocate and distribute research funding under this Agreement.
Definition of "Contract Year" as an equity vesting period
This definition ties "Contract Year" to employee stock agreements.
"Contract Year" means each 12-month period in which equity awards vest in accordance with the vesting schedule.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.