Contract

usgb/ˈkɑːntrækt/
noun

A written or spoken agreement between two or more parties that is intended to be legal.

He signed a contract for the construction of his house.
Visual representation of "contract" - A written or spoken agreement between two or more parties that is intended to be legal.

Often appears as...

  • sign a contract
  • break a contract
Definition 1 of 4
Visual representation of "contract"
LampPro Tip 1/3

Legally Binding

Means the agreement has legal force and parties may be legally obliged to fulfill terms.

Illustration for Legally Binding
Ensure your contract details are clear to avoid legal disputes.
LampPro Tip 2/3

Not Just Written

Contracts can be spoken (oral) but proving them in court can be challenging.

Illustration for Not Just Written
They had an oral contract, but it wasn't recorded in writing.
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Terms Matter

Understanding every part is crucial as each one can specify different rights or duties.

Illustration for Terms Matter
She read the contract thoroughly to understand her obligations.
Visual representation of the word "Contract"

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