Legal Definitions - term of court

A term of court is a period of time when a court is in session to conduct legal business. It can also refer to a specific provision in a contract that is essential for the contract to exist or that deals with important issues like price or quality. An implied term is a provision that is not expressly agreed upon but is read into the contract by a court. A material term is a contractual provision dealing with a significant issue. A nonessential term is any provision that is not regarded as fundamental. A term of years is a fixed period covering a precise number of years, and a term in gross is a term that is unattached to an estate or inheritance.