Ace the CPCM Challenge 2025 – Unlock Your Contract Management Superpowers!

Extrinsic evidence refers to information outside the written contract itself that is used to help interpret or understand the terms of the contract. This can include various forms of evidence such as prior dealings between the parties, which can shed light on how the parties have interpreted similar terms in the past. Trade usage also falls under extrinsic evidence, as it reflects industry standards and practices that may influence the interpretation of contract terms.

In the context of interpreting contracts, prior dealings can provide valuable insights into the intentions of the parties and how they have historically interacted. Understanding these aspects can be crucial during disputes or when clarifying ambiguous terms within a contract. In contrast, while written agreements, subsequent amendments, and verbal agreements certainly play a role in contract law, they do not encapsulate the broad scope of what constitutes extrinsic evidence.