contracts Definition
- 1a written or spoken agreement that is intended to be enforceable by law, especially one that relates to employment, sales, or tenancy, and that typically involves the exchange of money.
- 2reduce in size by drawing together; shrink.
Using contracts: Examples
Take a moment to familiarize yourself with how "contracts" can be used in various situations through the following examples!
Example
The company signed a contract with a new supplier.
Example
The landlord and tenant signed a rental contract.
Example
The athlete's contract with the team expires next year.
Example
The sweater contracts when washed in hot water.
Example
The metal contracts as it cools.
contracts Synonyms and Antonyms
Phrases with contracts
Example
The company was sued for breach of contract.
verbal contract
an agreement made through spoken communication rather than a written document
Example
They had a verbal contract, but it was difficult to prove in court.
fixed-term contract
a contract that is valid for a specific period of time
Example
The employee was hired on a fixed-term contract for six months.
Summary: contracts in Brief
A 'contract' [ˈkɒntrækts] is a legally binding agreement between two or more parties, often involving the exchange of money. It can relate to employment, sales, or tenancy. The term also refers to the act of shrinking or reducing in size, as in 'The sweater contracts when washed in hot water.'
