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Definitions from the Web

Onerous Contract

Description:

An onerous contract refers to a legally binding agreement that imposes a significant burden or obligation on one party involved. The terms and conditions outlined in an onerous contract are often viewed as unfavorable or excessively demanding for one party, making it difficult to fulfill the obligations stated in the agreement.

Sample sentences:

• 1. The company was at risk of bankruptcy due to the onerous contract they had signed.
• 2. John was stuck in an onerous contract that required him to work long hours for minimal pay.
• 3. The tenant wanted to break the lease early to avoid the onerous contract that imposed unfair penalties.

Possible related products on Amazon:

• Contract Law Books
• Legal Templates
• Contract Management Software