Amaan Malik /Ahman Ali Yusuf
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Contract. Definition: The term contract is defined as an agreement between two or more parties which has a binding nature, in essence, the agreement with legal enforceability is said to be a contract. It creates and defines the duties and obligations of the parties involved.
The Indian Contract Act, 1872 defines the term “Contract” under its section 2 (h) as “An agreement enforceable by law”. In other words, we can say that a contract is anything that is an agreement and enforceable by the law of the land. This definition has two major elements in it viz – “agreement” and “enforceable by law”.
CONTRACT definition: 1. a legal document that states and explains a formal agreement between two different people or…. Learn more.
What agreements are contracts. 11. Who are competent to contract. 12. What is a sound mind for the purposes of contracting. 13. “Consent” defined. 14. “Free consent” defined. 15. “Coercion” defined.
Find free contract templates you can use today and download in PDF or Word. All templates have been reviewed by legal experts and are ready to use.
The meaning of CONTRACT is a binding agreement between two or more persons or parties; especially : one legally enforceable. How to use contract in a sentence. Synonym Discussion of Contract.
Contract definition: an agreement between two or more parties for the doing or not doing of something specified.. See examples of CONTRACT used in a sentence.
a legal agreement between two people or organizations, especially one that involves doing work for a particular amount of money. Examples. a legally binding contract. a lucrative contract. I don't remember signing a contract. They have to provide a contract by law. Your contract will set out the terms of your employment.
contract. noun. /ˈkɒntrækt/. /ˈkɑːntrækt/. an official written agreement. All employees have a written contract of employment. a research/modelling/recording contract. a lucrative government contract. contract with somebody to enter into/negotiate/sign a contract with the supplier.
Apr 30, 2024 · contract, in the simplest definition, a promise enforceable by law. The 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.
