A contract condition, also known as a TERM or PROVISO, is an agreement between two parties that outlines the rights and responsibilities of each party. It is typically included in a contract to ensure that both parties understand their obligations and to protect their interests. A TERM is a specific clause in a contract that defines the rights and obligations of the parties involved. A PROVISO is a clause in a contract that states a condition or qualification that must be met before the contract can be enforced.