Provision
Type: noun
Pronunciation: /pruh-vizh-un/
Also spelled or known as: Contract Provision
Plural: Provisions
Related: Clause
What does Provision mean? A specific requirement, condition, or term within an agreement.
Music industry provisions may address royalties, ownership, licensing, delivery obligations, approvals, and termination rights.
Provision synonyms: Contract Provision, Condition, Contract Term
Example sentence: “The royalty provision was heavily negotiated.”
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