Terrms and conditions are part of a that ensure parties understand their contractual rights and obligations. Parties draft them into a legal contract, also called a legal agreement, in accordance with local, state, and federal contract laws. They set important boundaries that all contract principals must uphold. Types of legal contracts that contain terms and conditions include: Real estate contracts End-user license agreement (EULAs) Software as a Service (SaaS) agreements Construction contracts Insurance contracts Employment contracts Financial contracts Information technology contracts Freelance contracts Healthcare contracts Service contracts Business contracts Entertainment contracts