contract Definition
- 1a written or spoken agreement that is intended to be enforceable by law
- 2a legal document that states and explains a formal agreement between two different people or groups, or the agreement itself
- 3to make or become smaller in size, amount, or degree
Using contract: Examples
Take a moment to familiarize yourself with how "contract" can be used in various situations through the following examples!
Example
We signed a contract with the new supplier.
Example
The contract specifies the terms of the agreement.
Example
She breached the contract by failing to deliver the goods on time.
Example
The company decided to contract its operations in order to reduce costs.
contract Synonyms and Antonyms
Idioms Using contract
Example
The parties are in contract and must fulfill their obligations.
Example
The player became a free agent when he went out of contract.
Example
The actor is currently on contract with the studio.
Phrases with contract
Example
The contractor was sued for breach of contract.
to hire another company or person to do work that is usually done by your own company or employees
Example
We decided to contract out the IT services to a third-party provider.
social contract
an implicit agreement among the members of a society to cooperate for social benefits
Example
The concept of a social contract has been debated by philosophers for centuries.
Origins of contract
from Latin 'contractus', meaning 'drawn together'
Summary: contract in Brief
A 'contract' [ˈkɒntrækt] is a legally binding agreement between two parties, either written or spoken. It can also refer to the document that outlines the agreement. The term can also mean to become smaller in size, amount, or degree. Examples include 'We signed a contract with the new supplier,' and 'The company decided to contract its operations.' Phrases include 'breach of contract' and 'social contract.'
