Legal Definitions - a terme

A terme is a legal phrase that means "for a term" or "for a specified period." It refers to an agreement, right, or obligation that is limited to a particular, predetermined duration, rather than being indefinite or perpetual. This concept is fundamental in many areas of law where rights and responsibilities are not permanent but are set to expire after a certain amount of time or upon the occurrence of a specific event.

• Example 1: Residential Lease Agreement

  Imagine a tenant signs a contract to rent an apartment for a period of 12 months. This lease is considered a terme because the tenant's right to occupy the property is explicitly limited to that fixed duration of one year. Once the 12 months have passed, the agreement typically concludes, and the tenant's right to live there expires unless a new agreement is made.

• Example 2: Fixed-Term Employment Contract

  Consider a software development company that hires a project manager specifically for a new product launch, with the employment contract stating that the engagement will last for nine months. This employment relationship is a terme because the project manager's role and the company's obligation to employ them are defined by a precise, predetermined duration of nine months, after which the contract concludes.

• Example 3: Patent License Agreement

  Suppose a pharmaceutical company grants another company a license to manufacture and sell a patented drug for a period of seven years. This license is a terme because the second company's right to use the patent is strictly limited to that seven-year period. After these seven years, the license expires, and the company would no longer have the legal right to produce or sell the drug under that specific agreement.