In plain English
It is an attached document marked with a letter and kept with the contract. It either forms part of the agreement itself or states the details that the agreement refers to.
In context
Here, "exhibit" names the lettered attached document that the agreement refers to as part of the contract materials.
- Situation
- Reading agreement sections, parties, dates, signatures, and execution status
- What it communicates
- labels a lettered attachment referenced from the agreement.
Meaning limits
The term by itself does not say what information the attachment contains or whether it forms part of the contract or instead supplies referred-to details.
Examples
“The floor plan was attached to the lease as Exhibit C.”
“If the payment dates change, revise Exhibit A and keep it with the agreement.”