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"contractual situation" is correct and usable in written English.
You can use it when discussing a situation that must follow specific regulations or is legally binding. For example, "The employees are not happy with their contractual situation, so the company needs to renegotiate."
Exact(40)
They have been monitoring his contractual situation for a while now.
He said the Lakers' owner, Jerry Buss, lied to him about his contractual situation.
Those who don't understand will be dealt with, regardless of their contractual situation," he added.
Klopp, though, has vowed to talk to Allen regarding his contractual situation on the strength of his impressive summer.
INSIDE PITCH GEORGE STEINBRENNER told General Manager BRIAN CASHMAN that he wanted to meet soon to address Cashman's contractual situation.
"As a policy, we don't comment on anybody's contractual situation," said the spokesman, Barry Watkins, the Garden's executive vice president for communications.
Similar(20)
That's one of the reasons why Stuttgart have been relaxed about the unresolved contractual situations of Pogrebniak and the defender Khalid Boulahrouz.
But with Enrique seemingly heading for the exit door this summer, Barton's situation will pile further pressure on Pardew, who had hoped to resolve the outstanding contractual situations before concentrating on his summer recruitment plans.
Always consult an experienced attorney in all contractual situations.
Stewart says cases against Airtasker and other digital platforms would rely on courts "looking past the contractual arrangement to the actual situation".
Yet this article shows that the governance architecture established in the 2010 Brazilian oil framework will deter investments in several ways, giving rise to agency problems among entities and moral hazard situations because of contractual legal liabilities.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com