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- nouncontracts (plural noun)
- a written or spoken agreement, especially one concerning employment, sales, or tenancy, that is intended to be enforceable by law:"both parties must sign employment contracts" · "a network of doctors and hospitals under contract to provide services"
- the branch of law concerned with the making and observation of contracts:"the law of contract"
- informalan arrangement for someone to be killed by a hired assassin:"smuggling bosses routinely put out contracts on witnesses"
- bridgethe declarer's undertaking to win the number of tricks bid with a stated suit as trump:"South can make the contract with correct play"
- dateda formal agreement to marry:"the contract between the Bride and the Bridegroom was renewed"
verbcontracts (third person present)- (of a muscle) become shorter and tighter in order to effect movement of part of the body:"the heart is a muscle that contracts about seventy times a minute" · "then contract your lower abdominal muscles"Opposite:
- shorten (a word or phrase) by combination or elision:"“quasistellar object” was soon contracted to “quasar.”"
- enter into a formal and legally binding agreement:"the local authority will contract with a wide range of agencies to provide services"
- secure specified rights or undertake specified obligations in a formal and legally binding agreement:"a buyer may contract for the right to withhold payment" · "the paper had contracted to publish extracts from the diaries"
- impose an obligation on (someone) to do something by means of a formal agreement:"health authorities contract a hospital to treat a specific number of patients"
- (contract something out)arrange for work to be done by another organization:"local authorities will have to contract out waste management"
- formally enter into (a marriage):"before Fanny met him, he had contracted a disastrous liaison and marriage"
- enter into (a friendship or other relationship):"the patterns of social relationships contracted by men and women differ"
OriginMiddle English: via Old French from Latin contractus, from contract- ‘drawn together, tightened’, from the verb contrahere, from con- ‘together’ + trahere ‘draw’. contract | Wex | US Law | LII / Legal Information Institute
See more on law.cornell.eduContracts are promises that the law will enforce. Contract law is generally governed by state common law , and while general overall contract law is common throughout the country, some specific court interpretations of a particular element of the contract may vary between the states. If a promise is breached, the law provi…What is Contract? definition, elements and types
Dec 23, 2017 · Definition: The term contract is defined as an agreement between two or more parties which has a binding nature, in essence, the agreement …
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CONTRACT | English meaning - Cambridge Dictionary
Learn the meaning of contract as a noun and a verb in English, with synonyms, antonyms, and related words. Find out how to use contract in different contexts, such as law, business, …
Define Contract: What is a Contract? - Contract Lawyers
Jan 10, 2022 · Contracts are the foundational elements not just of every business, but human cooperation and society. A contract is an agreement (oral or written) that enable parties …
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Contract Law - Definition, Examples, Cases - Legal Dictionary
Oct 25, 2015 · Contract law is a body of law that governs, enforces, and interprets agreements related to an exchange of goods, services, properties, or money. According to contract law, an …
Contract | Definition, History, & Facts | Britannica Money
Feb 4, 2025 · contract, in the simplest definition, a promise enforceable by law. The promise may be to do something or to refrain from doing something. The making of a contract requires the mutual assent of two or more persons, one …
Definition of CONTRACT • Law Dictionary • TheLaw.com
A contract is a legally binding agreement involving two or more parties that sets forth an exchange of promises of what each party will or will not do. A contract requires two competent parties to …
What Defines a Contract? | Business Contracts Office | UTSA ...
A contract is an agreement between two parties that creates an obligation to perform (or not perform) a particular duty. A legally enforceable contract requires the following elements, all of …
Contracts 101: Definition, Types, Essential Elements
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 …
Contract: Legal Definition, Foundations, Legal …
Nov 6, 2023 · What is a Contract? A contract is a legal instrument embodying an agreement that stipulates and regulates the rights and duties of the parties involved, recognised and enforceable by law. At its core, a contract is an …
What is a Contract? - LegalMatch
Aug 8, 2023 · A contract is an agreement between two private parties that creates mutual legal obligations for the parties to the contract. Contracts can be in an oral form or a written form. …
Understanding what defines a contract - Thomson Reuters Law Blog
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 …
Meaning and Definition of Contract - Vrindawan University
Dec 25, 2024 · Meaning and Definition of Contract- A contract is a legally binding agreement between two or more parties that establishes obligations, rights, and terms agreed upon by the …
Law of Contracts: Meaning, Nature and Important Definitions
Dec 27, 2020 · Section 2 (h) of the Indian Contract Act, 1872 defines the term contract, as if we see the definition: “An agreement which is enforceable by law is a contract”. So by the …
Contract: Definition and Types of Contracts - Management …
Feb 11, 2022 · (1) Contract is simply an agreement between two or more parties, which is legally enforceable by law. (2) There are four basic elements of a contract, i.e., offer and acceptance, …
What are contract terms? Understanding the fundamentals
2 days ago · Contract terms: These are the fundamental elements of a contract that outline the rights and responsibilities of each party. They include both express and implied terms that …
Contract | Definition, Types & Law - Lesson - Study.com
Nov 21, 2023 · A contract definition refers to a two-party agreement, either given verbally or in writing, that provides a product or service to an individual or business. Consideration between...
What is a Contract? Complete Definition - LawDistrict
Contracts are used for a broad range of purposes in the world of finance, business, and real estate. Knowing how to use a contract and understanding the implications of signing or …
Contract Act: What is a Contract? Concepts, Definitions
Contract Act is one of the central laws that regulate and oversee all the business wherever there is a case of a deal or an agreement. The following section will tell us what a contract is. We …
What is a Contract? | ContractHound Terminology Database
A contract is a legally binding agreement between two or more parties that is enforceable by law. Contracts are a key part of commercial transactions and can cover an extensive range of …
Definition of Material Weakness (DFARS Case 2021-D006)
Jan 17, 2025 · When identifying the covered contracts from which to withhold payments, the contracting officer shall ensure that the total amount of payment withholding under 252.242 …
What Is Rousseau’s Social Contract Theory? (Definition
Jan 27, 2025 · At the heart of social contract theory lies the idea that legitimate authority derives solely from consent governed ().Further still, any governmental system ought to reflect general …
Spatial planning agreements - What is and what is (not) allowed?
Feb 7, 2025 · In connection with the combination of different types of contract provided for in spatial planning law (e.g. Section 33 para. 1 case 1 with case 2 TROG 2016), it is stated that …
Harvard and Students Against Antisemitism Announce …
Jan 21, 2025 · As part of that commitment, and consistent with Harvard’s existing Non-Discrimination and Anti-Bullying Policies (“NDAB”), which prohibit discrimination on the basis …
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