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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. noun [ C ] uk / ˈkɒn.trækt / us / ˈkɑːn.trækt / Add to word list. B1. a legal document that states and explains a formal agreement between two different people or groups, or the agreement itself: a contract of employment. a temporary / building contract.
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.
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.
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.
noun. an agreement between two or more parties for the doing or not doing of something specified. an agreement enforceable by law. the written form of an agreement enforceable by law. the division of law dealing with contracts.
a legal agreement between two people or organizations, especially one that involves doing work for a particular amount of money. Examples. a legally binding contract. a lucrative contract. I don't remember signing a contract. They have to provide a contract by law. Your contract will set out the terms of your employment. contract. verb.
A contract is a legal agreement, usually between two companies or between an employer and employee, which involves doing work for a stated sum of money. The company won a prestigious contract for work on Europe's tallest building. He was given a seven-year contract with an annual salary of $150,000.
noun. /ˈkɒntrækt/ /ˈkɑːntrækt/ an official written agreement. All employees have a written contract of employment. a research/modelling/recording contract. a lucrative government contract. contract with somebody to enter into/negotiate/sign a contract with the supplier.
When you and someone else have agreed on something and that agreement is both binding and enforceable by law, you have a contract. When you rent an apartment, you and your future landlord sign a rental contract.
