Contract Definition & Meaning - Merriam-Webster
WebThe 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. …
contract | Wex | US Law | LII / Legal Information Institute
WebA contract is an agreement between parties, creating mutual obligations that are enforceable by law. The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.
Contract | Definition, History, & Facts | Britannica Money
WebApr 24, 2024 · 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 of them ordinarily making an offer and another accepting. If one of the parties.
Contract - Wikipedia
WebA contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties.
CONTRACT Definition & Meaning | Dictionary.com
WebContract definition: an agreement between two or more parties for the doing or not doing of something specified.. See examples of CONTRACT used in a sentence.
CONTRACT | English meaning - Cambridge Dictionary
Weba 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 …
What is a Contract? | LegalMatch
WebAug 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. However, it is important to note that an oral contract is more challenging to enforce and should be avoided when possible.
Contracts 101: Definition, Types, Essential Elements & Lifecycle
WebApr 11, 2023 · What are contracts? 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. Common types of contracts.
contract Definition, Meaning & Usage | Justia Legal Dictionary
Webcontract - A legally binding agreement made between two or more parties that creates duties and rights, and provides remedies for breaches of those duties.
Contracts 101: What is a Contract? - Rocket Lawyer
WebSimply put, a contract is an agreement between two or more people or entities that creates a legal duty or responsibility. Entities entering a contract might include individual people, companies, corporations and organizations, but there are a few conditions that must be met for the contract to hold water in the courtroom.
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