Definitions (Defined Terms)

In plain English

This clause gives a precise meaning to important words (like *"the Property"*, *"Purchase Price"* or *"Business Day"*) so you don't have to spell them out every time. Whenever that word appears capitalised in the document, it carries exactly the meaning defined here. Get a definition wrong or leave a key term undefined and a whole clause can be read differently from what you intended, so it is worth checking each defined term is used consistently.

Relevant law

• General Clauses Act, 1897, Section 3 (statutory definitions apply unless the context requires otherwise) — the same principle a private definitions clause follows for the parties' own document
• Indian Contract Act, 1872 (a contract is read as a whole to ascertain the parties' intention)