Contract

/ˈkɑːntrækt/
Definition 1 of 4
Visual representation of "contract"
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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.
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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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