Define: On Demand

On Demand
On Demand
Quick Summary of On Demand

“On demand” in a legal context typically refers to a situation where a particular action or obligation is required to be performed immediately or as soon as requested by one party to the agreement. It implies that the performance of the action or fulfilment of the obligation is not subject to any specific conditions or delays and must be executed promptly upon request. This term is commonly used in contracts and agreements to specify the timing and nature of certain obligations, such as the payment of money or the delivery of goods or services. When a demand is made, the party obligated to act must do so without delay, failing which they may be considered in breach of the agreement.

What is the dictionary definition of On Demand?
Dictionary Definition of On Demand
adj. in a promissory note, a requirement that the amount due must be paid when the person to whom the funds are owed demands payment (rather than upon a certain date or on installments). Such a note is called a "demand note.
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This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 29th March, 2024.

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