See Also: contract(encyclopedia)
Contract(law)
Take and pay contract(finance)
contract(dictionary)
Contract(health)
contract(1)(dictionary)
contract(2)(dictionary)
contract 3,(dictionary)
pre-contract(1)(dictionary)
pre-contract(2)(dictionary)

Contract (law)



An agreement between two or more persons that creates an obligation to do or not to do a particular thing.









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A legally binding agreement involving two or more people or businesses which states what the parties will or will not do.







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An agreement between two or more persons to do or not to do a particular thing a meeting of the minds with a consideration.







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An agreement between two or more parties in which an offer is made and accepted, and each party benefits. The agreement can be formal, informal, written, oral or just plain understood. Some contracts are required to be in writing in order to be enforced.