Contract detail is an important part of any agreement between two parties. It includes the PAYMENT, TERM, CLAUSE, and ARTICLE that are necessary to ensure that both parties understand the terms of the contract. PAYMENT refers to the amount of money that one party will pay the other for services rendered or goods provided. TERM is the length of time that the contract will be in effect. CLAUSE is a specific provision in the contract that outlines the rights and responsibilities of each party. ARTICLE is a section of the contract that outlines the details of the agreement.