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contract

  • noun
  • kŏn'trăkt

An agreement between two or more parties, to perform a specific job or work order, often temporary or of fixed duration and usually governed by a written agreement.

Other meanings

  1. An agreement which the law will enforce in some way. A legally binding contract must contain at least one promise, i.e., a commitment or offer, by an offeror to and accepted by an offeree to do something in the future. A contract is thus executory rather than executed.

  2. The document containing such an agreement.

Word history

From Latin "contractus".

Where this comes from

This definition is adapted from “contract” on Wiktionary, by its contributors, published under CC BY-SA 4.0. This page is published under the same licence.