Contract Definition
Contents
English
Wikipedia has an article on: ContractEtymology
From Middle English, from Latin contractum, past participle of contrahere (“to bring together, to bring about, to conclude a bargain”), from con- (“with, together”) + trahere (“to draw, to pull”).
Pronunciation
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Audio (UK) (file)
- Noun
- enPR: kŏn'trăkt
- (RP) IPA: /ˈkɒntrækt/, SAMPA: /"kQntr{kt/
- (US) IPA: /ˈkɑntrækt/, SAMPA: /"kAntr{kt/
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Audio (US) (file) -
Audio (UK) (file)
- Verb
Noun
contract (plural contracts)
- 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.
- (law) 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.
- (law) A part of legal studies dealing with laws and jurisdiction related to contracts.
Hypernyms
- (agreement that is legally binding): agreement
Derived terms
- contractual
- fixed-term contract
- contract of employment
Verb
contract (third-person singular simple present contracts, present participle contracting, simple past and past participle contracted)
- (transitive) To enter into a contract with.
- (transitive) To gain or acquire (an illness).
- (intransitive) To draw together or nearer; to shorten, narrow, or lessen.
- The snail's body contracted into its shell.
Synonyms
- (gain or acquire (an illness)): catch, get
- (lessen): abate, decrease, lessen, reduce
- (shorten): shorten, shrink
Antonyms
Translations
transitive: enter into a contract with
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Dutch
Noun
contract n. (plural contracten, diminutive contractje, diminutive plural contractjes)
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Ironically, she now thinks that the best way to get out of the slammer and back with daughter Leah is to shed her celebrity status: She's trying to quit the show but is having a tough time since she's still under contract with MTV. ...
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A contract is an agreement entered into by two parties or more with the intention of creating a legal obligation, which may have elements in writing. Contracts can be made orally. The remedy for breach of contract can be "damages" or compensation of money. In equity, the remedy can be specific performance of the contract or an injunction. Both of these remedies award the party at loss the "benefit of the bargain" or expectation damages, which are greater than mere reliance damages, as in promissory estoppel.