In plain English
A requirement is something the contract says has to be there or has to happen. It can be a stated term, a condition, a document, a performance standard, or another specified item. The key point is that it is mandatory, not optional.
In context
Here, "requirement" labels a contract item that must be included, provided, performed, or met.
- Situation
- Tracking obligations, deliverables, milestones, notices, and deadlines
- What it communicates
- labels a required work item on the contract summary page.
Meaning limits
The term by itself does not say who must satisfy it or when it must be satisfied.
Examples
“Under the contract, a signed receipt is a requirement, but a thank-you note is optional.”
“The final draft still omitted one requirement from the contract.”