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 …

A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties. A contract typically involves consent [1] to transfer of goods, …

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, in the simplest definition, a promise enforceable by law. The promise may be to do something...

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

1. To enter into or make an agreement: contract for garbage collection. 2. To become reduced in size by or as if by being drawn together: The pupils of the patient's eyes contracted.

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 meaning, definition, what is contract: an official agreement between two or mor...: Learn more.

CONTRACT 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.