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A contract is a legally binding agreement between two or more persons for a particular purpose. It is an instrument for the economic exchange of goods and services. In Canada, contract law is administered both in common law and, in Quebec, civil law.
The meaning of CONTRACT is a binding agreement between two or more persons or parties; especially : one legally enforceable. How to use contract in a sentence. Synonym Discussion of Contract.
Find free contract templates you can use today and download in PDF or Word. All templates have been reviewed by legal experts and are ready to use.
CONTRACT definition: 1. a legal document that states and explains a formal agreement between two different people or…. Learn more.
A contract is an agreement between two or more persons, which creates one or more legal obligations between them, to do, or not to do, something. The term persons can include individuals, organizations, corporations and other types of legal entities.
A contract is either a written or spoken agreement between two or more parties that includes terms and conditions, which creates a legal obligation. The terms of a contract are enforceable by law, with clearly defined penalties and remedies should the contract be breached.
A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties. A contract typically involves the transfer of goods, services, money, or a promise to transfer any of those at a future date.
contract - A legally binding agreement made between two or more parties that creates duties and rights, and provides remedies for breaches of those duties.
Contract = An Agreement! A contract is formed when two or more people promise to do something for each other. These people are called “contracting parties,” and they can be individuals, a group of people or a company.
A contract is a legally recognized agreement made between two or more people (called the parties ). If one party fails to do what they promised, the other can ask a court to enforce the contract. To be valid, a contract needs these three elements: agreement: the parties must agree or have a “meeting of the minds” on the terms.
