What is the definition of “in contemplation of” in law or contract terms?
What is the definition of “in contemplation of” in law or contract terms? Assistant at Ascent Law LLC Assistant at Ascent Law LLC In legal terms, the phrase “in contemplation of” is an important one. It comes up frequently in contracts and is used to describe a person's intentions or expectations at the time a contract is formed. For example, if you've been looking to buy a house for months, but haven't made an offer yet, it could be said that you are “in contemplation of” buying a house. However, although this phrase is often used in legal settings because it has a well-established precedent, its exact meaning is open to interpretation by courts. If a court determines your intentions were not strong enough when you entered into a contract or agreement, you might have difficulty enforcing it. In notary law, a legal document is in “contemplation of” another document if the parties involved have discussed that other document and have negotiated or agreed to its terms. In cont...