Meaning of “onerous contract” in the English Dictionary


"onerous contract" in Business English

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onerous contractnoun [ C ]

uk us

LAW a formal agreement that brings disadvantages for one of the people or companies that have signed it:

One of the common problems facing businesses is that the business has at some point entered into an onerous contract that adds cashflow burdens without the corresponding benefits.

(Definition of “onerous contract” from the Cambridge Business English Dictionary © Cambridge University Press)