long-term contract
Multi-year binding deal
A long-term contract is an agreement between parties that extends over a significant period—typically years rather than months.
The term appears in employment, sports, construction, and business contexts: She signed a long-term contract with the studio.
What counts as "long-term" varies by industry; a five-year deal might be standard in one field and exceptional in another.
Long-term contracts offer stability but limit flexibility for both parties.
- agreementShared position between parties
- bindingLegally or morally required
- commitmentFirm pledge to act
- fine printMiniature contractual text
- leaseTemporary use contract
tenure · obligation · renewal · clause · non-compete clause · buyout clause · negotiation · signature · signing bonus · guaranteed money · employment · golden handcuffs · multiyear · locked-in · guarantee · retainer · stability · duration
- supply contractspurchase order
- Lock-insrate lock, price lock
long-term contracthandshake deal
Unwritten mutual commitment
gentleman's agreement · verbal agreement · oral agreement · verbal commitment · understanding
long, longer, longest, longing, longingly, length, lengthen, lengthy, prolong