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, services, money, or …

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 duty to do …

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

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.

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 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 which are …

What is a Contract? A contract is either a written or spoken agreement between two or more parties that includes terms and conditions, which creates a legal obligation. The terms of a contract are …

Dec 15, 2025 · A contract is a legally enforceable document that creates mutual obligations between two or more parties. Generally, you can enforce a contract using state or common law, commercial code, …