What Does “Hereunder” Mean in a Contract?
A formal term meaning "under this agreement" or "according to the terms of this document."
Detailed Explanation
"Hereunder" refers to obligations, rights, or actions that exist because of or according to the current agreement. "Rights hereunder" means rights granted by this specific contract.
The term is often used when discussing what parties can or must do pursuant to the agreement. "Services to be performed hereunder" means services that are required by this contract, not services in general.
Example in a Contract
“Contractor shall perform all services hereunder in a professional and workmanlike manner consistent with industry standards.”
Why It Matters
"Hereunder" limits the scope to this specific agreement. If you have rights "hereunder," those rights exist only because of and within the bounds of this contract - they don't extend to other agreements or general rights.
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