Definition of a contract
Contract definition: 1 a legal document that states and explains a formal agreement between two different people or groups, or the agreement itself: 2 to have formally agreed to work for a company or person on a stated job for a stated period of time3 to make or become shorter or narrower or learn more. English language learners definition of contract (entry 1 of 2): a legal agreement between people, companies, etc: a document on which the words of a contract are written: an agreement to kill a person for money contract verb. The order of words in an english sentence is very important a change in word order often results in a change of meaning many other languages use inflection, a change in the form of words, to show h. Noun a precise written contract between two people or groups- those between a therapy professional and a patient might include (i) the responsibilities of both parties, (ii) the specifications for advantages and rights to be acquired through positive results, and (iii) the predetermined drawbacks of failure.
Contracts are agreements that are legally enforceable a contract may involve a duty to do or refrain from doing something, and the failure to perform such duty is called a breach of contract. 1 an official written agreement a contract of employment a research contract contract with somebody to enter into/make/sign a contract with the supplier contract between a and b these clauses form part of the contract between buyer and seller contract for something a contract for the supply of vehicles contract to do something to win/be awarded a contract to build a new school a contract. (2) separate contract as used in this definition, means a contract that has been performed by any business, including small and other than small business concerns “construction” means construction, alteration, or repair (including dredging, excavating, and painting) of buildings, structures, or other real property.
A contract implied in fact, which is inferred from the circumstances, is a true contract, whereas a contract implied in law is actually an obligation imposed by law and treated as a contract only for the purposes of a remedy. 1 unit 6 – contracts i definition a contract is a voluntary agreement between two or more parties that a court will enforce the rights and obligations created by a contract apply only to the parties to the. Contract definition: the definition of a contract is an agreement between two or more people to do something (noun) an example of contract is a loan agreement between buyers and sellers of a car an example of contract is an agreement between two pe. The division of law dealing with contracts also called contract bridge a variety of bridge in which the side that wins the bid can earn toward game only that number of tricks named in the contract, additional points being credited above the line. The contract requires him to finish work by the end of the year if he breaks the contract [=if he does not abide by the agreement], he will get sued the company won a multi-million-dollar contract to build a new courthouse = the company was awarded a multi-million-dollar contract to build a new courthouse.
Definition of contract: a binding agreement between two or more parties for performing, or refraining from performing, some specified act(s) in exchange. Breach of contract is a legal term that describes the violation of a contract or an agreement that occurs when one party fails to fulfill its promises according to the provisions of the agreement. Contract, in the simplest definition, a promise enforceable by lawthe promise may be to do something or to refrain from doing something the making of a contract requires the mutual assent of two or more persons, one of them ordinarily making an offer and another accepting.
Definition “contract management” as an activity is the process of managing contracts, deliverables, deadlines, and contract terms and conditions while ensuring customer satisfaction. Contracts agreements between parties in which considerations or rewards are offered by all contracting parties contracts may be written, verbal or implied and all are binding, the degree lessening as the probability of misunderstanding increases salaries, continuity of employment, out-of-hours attendance, weekend work are some of the considerations. The legal definition of contract is an agreement between persons which obliges each party to do or not to do a certain thing. 1540s, one who enters into a contract, from late latin contractor, agent noun from past participle stem of latin contrahere (see contract (n)) specifically of one who enters into a contract to provide work, services, or goods from 1724.
Definition of a contract
Definition an agreement between private parties creating mutual obligations enforceable by law the basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance adequate consideration capacity and legalityin some states, element of consideration can be satisfied by a valid substitute. A contract or agreement is either where a promise is made on one side and assented to on the other or where two or more persons enter into engagement with each other by a promise on either side 2 steph. Breach of contract definition is - failure to do what a contract requires how to use breach of contract in a sentence failure to do what a contract requires see the full definition since 1828 menu join mwu gain access to thousands of additional definitions and advanced search features—ad free join now. Contract also means shrink when the economy contracts, consumers stop buying things, and people lose their jobs, and if you freeze water, it contracts too thesaurus primary meanings of contract 1 n v: a binding agreement between two or more persons that is enforceable by law.
Contract under seal, sealed instrument, special contract - a contract that is signed and has the (wax) seal of the signer attached service contract - a contract for maintenance services severable contract - a contract which, in the event of a breach by one of the parties, can be considered as several independent agreements expressed in a single. A contract is an agreement that is given the full force and weight of the law contracts essentially create private law parties may negotiate and agree to a deal and will both be bound by the terms of the agreement.
A business contract is an agreement that is legally enforceable the creation of a business contract requires the acceptance of an offer, promise to perform, performance time requirements, terms and conditions of performance, and performance of the agreed upon tasks. Definitions clauses for contracts by d c toedt iii on 2012-09-07 counsel might try to claim that some form of government requirement did not constitute “law” in connection with a contract provision this definition is intended to forestall such an attempt non-party. Definition of definitization: final determination of an agreement, arrangement, or contract, such as about its cost, duration, scope, and/or go no-go decision dictionary term of the day articles subjects. In such cases, the definition of affected cas-covered contracts would exclude the non-cas covered tasks from the computation of the cost-impact’ thus, a determination of cas applicability is made only when placing the basic idiq contract.