Glossary
Contract terms, in plain English.
Short, honest definitions of the clauses that decide who carries the risk — what each term means, why it matters, and, uniquely, what to ask for instead. Written for freelancers and small businesses, not lawyers.
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Indemnification
Indemnification means one party promises to cover the other's losses in defined situations. What it looks like, the one-way trap, and what to ask for instead.
Read definitionLimitation of Liability
A limitation of liability clause caps what a party can owe if things go wrong. Why the cap's size and symmetry matter, and what to ask for.
Read definitionAuto-Renewal Clause
An auto-renewal (evergreen) clause extends a contract for a new term unless you cancel inside a notice window. How the trap works and the fix to ask for.
Read definitionTermination for Convenience
Termination for convenience lets a party end a contract without cause. Why the one-way version hurts, and the kill-fee fix to ask for.
Read definitionNet 30
Net 30 means payment is due 30 days after the invoice. What net 60/90 does to your cash flow, and the deposit + late-interest terms to ask for.
Read definitionAll terms (A–Z)
- Confidentiality ClauseConfidentiality
- Deemed AcceptancePayment
- Governing LawDisputes
- IndemnificationLiability
- IP AssignmentIntellectual property
- Limitation of LiabilityLiability
- Net 30Payment
- Non-CompeteRestrictions
- Termination for ConvenienceTermination
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