What is the term for the interpretation of contract language that has multiple meanings?

The term for the interpretation of contract language that has multiple meanings is "Ambiguity." Ambiguity arises when the language used in a contract is not clear and can be understood in more than one way. This can lead to different interpretations by different parties involved in the contract, which can create confusion or disputes if the terms are not adequately defined.

Understanding ambiguity is crucial in legal and contractual contexts because it can affect the enforceability of a contract and the rights and obligations of the parties. Courts often seek to resolve ambiguity by looking at the intent of the parties, the context of the agreement, and other external factors to determine the most reasonable interpretation.

In contrast, personal contracts are agreements that are specific to individual parties, unilateral contracts involve a promise in exchange for an act, and conditional contracts stipulate certain conditions that must be met for the contract to be executed. These concepts do not specifically address the issue of interpretational uncertainty inherent in ambiguous language.