contract

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Contract Definition & Meaning

1. A legal agreement between two or more parties, outlining the terms and conditions of a transaction or relationship.

Example: The couple signed a contract before buying their first home together.

2. A binding promise or commitment to perform a specific task or duty.

Example: The construction company agreed to complete the project within the specified timeline as per the contract.

3. A document that outlines the terms of employment between an employer and an employee.

Example: The new hire received a copy of their employment contract, which outlined their salary, benefits, and job responsibilities.

4. A formal agreement between a business and a customer, outlining the terms of service or sale.

Example: The customer signed a contract before purchasing a new car, which included the price, warranty, and financing terms.

5. A legal document that transfers ownership of property or assets from one party to another.

Example: The seller signed a contract to transfer ownership of the property to the buyer, who agreed to pay the agreed-upon price.

Examples of the word contract used in sentences.

  • My phone contract includes unlimited data and texts.
  • The company offered me a contract to work for them for three months.
  • I signed a contract to rent an apartment for one year.
  • We need to read the contract carefully before we sign it.
  • The contractor finished the building a week earlier than the contract stated.
  • The building contractor presented us with a contract for the renovations we wanted done.
  • The singer signed a contract with a record label that will release her upcoming album.
  • The sale of the car is subject to a written contract that both parties must sign.
  • I have a contract with my cell phone provider that requires me to pay a monthly fee.
  • The company has a contract with its employees that outlines their rights and responsibilities.
  • The project manager must ensure that all parties involved in the construction project abide by the terms of the contract.
  • The company's contract with its employees includes a comprehensive benefits package.
  • Before signing any contract, it's important to read and understand the terms and conditions of the agreement.
  • As a freelancer, I always make sure to have a written contract outlining the scope of work and payment terms with my clients.
  • After negotiating for several weeks, the two parties finally reached an agreement and signed the contract.
  • After reviewing the terms of the contract, the lawyer advised her client to seek legal recourse for the contractor's failure to meet the agreed-upon standards.
  • The contract clearly stated that the employee was entitled to receive a bonus at the end of the year.
  • I had to sign a contract before renting the apartment, which outlined the terms and conditions of the agreement.
  • The athlete's contract with the team expires at the end of the season, and negotiations for a new deal are underway.
  • The construction company breached the contract by failing to complete the project on time.
  • The legal team is reviewing the contract language to ensure that there are no loopholes that could be exploited.
  • As per the terms of our contract, we expect payment to be made within 30 days of invoicing.
  • The employee signed a non-disclosure agreement contract which prohibits them from sharing any confidential information about the company's operations.
  • She turned down the job offer since the contract did not include sufficient time off for her to care for her family.
  • The construction company breached their contract by failing to complete the project on time and within budget.
  • As the CEO, I signed a multi-million dollar contract with our international partners, securing our position in the global market.
  • After reviewing the contract thoroughly, the lawyer advised his client against signing, citing several loopholes that could be potentially harmful.
  • The contract clearly stated the terms and conditions of our agreement, leaving no room for misinterpretation or disputes.
  • Due to the breach of contract by their former employer, the employees were entitled to a substantial compensation package, which they received after a long legal battle.
  • Despite the security risks involved, the company decided to outsource the project to a third-party vendor, thus fulfilling the terms of their contract.
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