basis of this contract

USAGE SUMMARY

The phrase "basis of this contract" is correct and usable in written English.
It can be used when referring to the foundational principles or terms that underlie a contractual agreement. Example: "The basis of this contract is the mutual agreement between both parties to fulfill their obligations as outlined."

✓ Grammatically correct

Academia

Science

News & Media

Human-verified examples from authoritative sources

Exact Expressions

2 human-written examples

The certainty of the coronation and consequent procession taking place was the basis of this contract.

Harvard University

Customers can choose a VER plan and sign a contract with the VER. Consumption costs are then calculated on the basis of this contract for the duration of the contract period.

Journal of Modern Power Systems and Clean Energy

Human-verified similar examples from authoritative sources

Similar Expressions

58 human-written examples

This general-arrangement plan and the specifications form the basis of the contract between shipowner and shipbuilder.

Encyclopedia Britannica

Though she had no collateral, she persuaded a bank to give her a loan on the basis of the contract.

The New York Times

Carlyle admits that it underwrote part of the capital by refinancing its revenues on the basis of the contract.

The Guardian

It is the fundamental basis of the contract between business and society, and forms the basis of most people's real interactions with business.

The Economist

On the basis of that contract she was able to take out a bank loan and, in 1942, established a business under her maiden name.

The Guardian

However, I want to emphasize the fact now that we are — when I say "we," Columbia Pictures and Screen Gems — have licensed this picture in about a hundred different situations for television exhibition on the basis of the contract right which was included in the original contract which was entered into between Carlyle Productions, Incorporated, and Columbia Pictures.

The New Yorker

I agree with the propositions of Mr. Paull that it was no part of the contract, and it cannot be taken to have been the basis of the contract, that the laundry would be unable to work if there was a delay in the delivery of the boiler, or that the laundry was extending its business, or that it had any special contracts which they could fulfil only by getting delivery of this boiler.

Harvard University

To sum up, the basis of the contract is that there would be a procession; that is to say it is a contract based upon a certain thing coming into existence: there is a condition precedent that there shall be a procession.

Harvard University

The former head of the watchdog, Baroness Ruth Deech, warned: "The prospectus is an area that may create difficulties, especially as the relationship between the student and the institution is now accepted as contractual, and it is the assertions in the prospectus that form the initial basis of the contract.

The Guardian

Expert writing Tips

Best practice

For increased clarity, specify exactly what elements (clauses, precedents, assumptions) constitute the "basis of this contract".

Common error

Avoid using "basis of this contract" without clearly defining what constitutes the basis. Ambiguity can lead to disputes; ensure the foundational elements are explicitly stated within the contract itself.

Linguistic Context

The phrase "basis of this contract" functions as a noun phrase, specifying the fundamental justification or core principles upon which the contractual agreement is established. The examples provided by Ludwig showcase its use in diverse fields, from legal contexts to general business agreements.

Expression frequency: Rare

Frequent in

News & Media

33%

Academia

33%

Science

33%

Less common in

Wiki

0%

Encyclopedias

0%

Formal & Business

0%

Ludwig's WRAP-UP

In summary, "basis of this contract" is a noun phrase used to denote the foundational principles or justifications for a contractual agreement. Ludwig AI indicates that this phrase is grammatically correct. While it can be applied across various registers, it is most commonly found in legal, academic, and business contexts, maintaining a neutral to formal tone. When employing this phrase, clearly define what constitutes the "basis" to avoid ambiguity and ensure mutual understanding among all parties involved.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

underlying principle of the contract

Focuses on the core concept that supports the contract.

foundation of this agreement

Emphasizes the fundamental structure upon which the agreement is built.

the rationale behind this contract

Highlights the reasoning and justification for the contract's existence.

the justification for this contract

Stresses the reasons and explanations that validate the contract.

core tenets of the contract

Highlights the main beliefs or principles.

the essential terms of the contract

Focuses on the most important and indispensable conditions of the contract.

the groundwork for this contract

Highlights the initial preparation and foundational work that led to the contract.

primary driver of this contract

Emphasizes the main motivation or influence behind the contract.

the underpinning of this contract

Highlights the support or structure that lies beneath the contract.

the incentive for this contract

Focuses on what motivates parties to agree.

FAQs

How can I rephrase "basis of this contract" to sound more formal?

You can use phrases such as "underlying principle of the contract", "foundation of this agreement", or "rationale behind this contract" to convey a more formal tone.

Is "basis of this contract" the same as "purpose of this contract"?

While related, they aren't identical. "Basis of this contract" refers to the fundamental principles or conditions upon which the contract is built. "Purpose of this contract", on the other hand, refers to the intended outcome or objective the contract seeks to achieve.

What are some synonyms for "basis of this contract" that still maintain a legal connotation?

Alternatives include "essential terms of the contract", "core tenets of the contract", and "groundwork for this contract", all of which carry legal implications.

How do I ensure the "basis of this contract" is clearly understood by all parties?

Explicitly define the foundational elements within the contract document itself. This avoids ambiguity and provides a clear reference point for interpreting the agreement. You can also include a section dedicated to explaining the "rationale behind this contract".