Contract Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Contract, written in plain English, along with examples of how it is used.

What is Contract?

Contract is an agreement, a promise, which is enforceable by law, between two or more parties to perform a specific job where there is offer and acceptence or act as per the agreement. The contract is enforceable by law only when it is in writing and it binds the parties.