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  1. Dictionary
    contract

    noun

    • 1. a written or spoken agreement, especially one concerning employment, sales, or tenancy, that is intended to be enforceable by law: "he has just signed a contract keeping him with the club"

    verb

    • 1. decrease in size, number, or range: "glass contracts as it cools" Similar shrinkget smallerbecome smallerdecreaseOpposite expandincrease
    • 2. enter into a formal and legally binding agreement: "the local authority will contract with a wide range of agencies to provide services" Similar undertakepledgepromisecovenant

    More definitions, origin and scrabble points

  2. Definition: The term contract is defined as an agreement between two or more parties which has a binding nature, in essence, the agreement with legal enforceability is said to be a contract. It creates and defines the duties and obligations of the parties involved.

  3. 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.

  4. A contract is an agreement (oral or written) that enable parties (individuals or businesses), businesses, and society to come together and collaborate towards their specific desires and needs. They are official agreements that are enforceable by law. In other words, a contract is a legal obligation.

  5. CONTRACT definition: 1. a legal document that states and explains a formal agreement between two different people or…. Learn more.

  6. Feb 6, 2012 · 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. In general, contracts are always formed on the same pattern.

  7. CONTRACT meaning: 1. a legal document that states and explains a formal agreement between two different people or…. Learn more.

  8. What is a Contract? 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.

  9. Contract is an agreement to do or not to do an act. In case of contract, the right and obligations of two or more parties are established, made clear, and governed by a legally enforceable agreement. According to Section 2 (f) the Indian Contract Act, 1872, contract is an agreement which is enforceable by law.

  10. A contract is a promise or a set of promises that is legally binding. In this context a promise is an undertaking by one person to do something or refrain from doing something if another person does something or refrains from doing something or makes a promise in return.

  11. Apr 11, 2023 · Contracts are legally binding agreements. They outline the terms and conditions of the agreement (such as the goods or services being exchanged), the responsibilities and obligations of each party and the consequences of non-compliance.

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