Meaning & Definition of word "Contract"

Contract

/ˈkɒntrækt/

1. A written or spoken agreement, especially one concerning employment, sales, or tenancy, that is intended to be enforceable by law.
- Example: She signed a contract to start her new job next month.
2. An agreement between two or more parties that is legally binding.
- Example: The contract between the contractor and the city was finalized last week.
3. A formal legal document describing the terms of a contract.
- Example: Make sure to read the entire contract before agreeing to the terms.

1. To enter into a formal agreement with someone.
- Example: They decided to contract for a new software system.
2. To reduce in size, number, or range.
- Example: The muscle will contract when it receives a signal from the nervous system.
3. To catch or develop (a disease).
- Example: He contracted a rare virus while traveling abroad.

From Latin 'contractus', from 'contractare', meaning 'to draw together'.

breach of contract:

A violation of any of the agreed-upon terms and conditions of a binding contract.

contract killer:

A person hired to carry out an assassination.

contract marriage:

A marriage entered into for specific purposes rather than for love.

obligation:

A duty or commitment to do something as part of a contract.

negotiation:

The process of discussing terms with the aim of reaching an agreement.

enforcement:

The act of ensuring compliance with the terms of a contract.

Meaning: Paperwork

Example Sentence: I have to finish this contract before we can get started.

Meaning: Gig

Example Sentence: I landed a new contract with a major client this month.