A contract is a set of constructs created by distinct parties (Meeting of the minds) working to accomplish more than they could alone. Contracts are generally written and signed, and the …

The meaning of CONTRACT is a binding agreement between two or more persons or parties; especially : a legally enforceable agreement between two or more parties that creates in each …

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

A contract arises when a promise gives rise to a legal duty. A promise is enforceable only if supported by adequate consideration, meaning something is exchanged to induce the promise.

CONTRACT meaning: 1 : a legal agreement between people, companies, etc. often used before another noun; 2 : a document on which the words of a contract are written

Definition of contract noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.

Mar 1, 2024 · First, it will be helpful to define the term and answer the question, “What exactly is a contract?” A contract is a formal, legally binding agreement between two parties. This …

contract - A legally binding agreement made between two or more parties that creates duties and rights, and provides remedies for breaches of those duties

A contract is certain, when the thing to be done is supposed to depend on the will of the party, or when, in the usual course of events, it must happen in the manner stipulated.

Contract means to cause to draw more closely together: to contract a muscle. Compress suggests fusing to become smaller by means of fairly uniform external pressure: to compress gases into …