onerous contract

Definition of "onerous contract"
  1. A contractual agreement that requires all involved parties to fulfill certain obligations or duties in return for the commitments made by the other parties
How to use "onerous contract" in a sentence
  1. During the negotiation phase, the potential investors were hesitant about the onerous contract due to its demanding requirements.
  2. At the end of the fiscal year, the company had to bear significant losses as a result of an onerous contract.
  3. To protect their interests, businesses often hire legal counsel to review potential onerous contracts.

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