why is it important to specify the terms of the contract?
exists and is an alternate of . Making the world better, one answer at a time. Terms and conditions are important in a contract because they establish what is expected of both parties. When someone is in violation of the contract's terms and conditions, the other party may sue for a remedy. Terms and conditions are important in a contract because they establish what is expected of both parties. When someone is in violation of the contract's terms and conditions, the other party may sue for a remedy.