contractn., adj., and usu. for v. 16–18, 22, 23 ˈkɒn trækt; otherwise v. kənˈtrækt
contract (v)
- present
- contracts
- past
- contracted
- past participle
- contracted
- present participle
- contracting
contract (n)
- plural
- contracts
contract
contract
contract
contract
contract
contract
English Definitions:
contract (noun)
a binding agreement between two or more persons that is enforceable by law
contract, declaration (noun)
(contract bridge) the highest bid becomes the contract setting the number of tricks that the bidder must make
contract, contract bridge (verb)
a variety of bridge in which the bidder receives points toward game only for the number of tricks he bid
contract, undertake (verb)
enter into a contractual arrangement
sign, contract, sign on, sign up (verb)
engage by written agreement
"They signed two new pitchers for the next season"
compress, constrict, squeeze, compact, contract, press (verb)
squeeze or press together
"she compressed her lips"; "the spasm contracted the muscle"
contract, take, get (verb)
be stricken by an illness, fall victim to an illness
"He got AIDS"; "She came down with pneumonia"; "She took a chill"
shrink, contract (verb)
become smaller or draw together
"The fabric shrank"; "The balloon shrank"
contract (verb)
make smaller
"The heat contracted the woollen garment"
condense, concentrate, contract (verb)
compress or concentrate
"Congress condensed the three-year plan into a six-month plan"
narrow, contract (verb)
make or become more narrow or restricted
"The selection was narrowed"; "The road narrowed"
abridge, foreshorten, abbreviate, shorten, cut, contract, reduce (verb)
reduce in scope while retaining essential elements
"The manuscript must be shortened"
Contract
A contract is an agreement having a lawful object entered into voluntarily by two or more parties, each of whom intends to create one or more legal obligations between them. The elements of a contract are "offer" and "acceptance" by "competent persons" having legal capacity who exchange "consideration" to create "mutuality of obligation." Proof of some or all of these elements may be done in writing, though contracts may be made entirely orally or by conduct. The remedy for breach of contract can be "damages" in the form of compensation of money or specific performance enforced through an injunction. Both of these remedies award the party at loss the "benefit of the bargain" or expectation damages, which are greater than mere reliance damages, as in promissory estoppel. The parties may be natural persons or juristic persons. A contract is a legally enforceable promise or undertaking that something will or will not occur. The word promise can be used as a legal synonym for contract, although care is required as a promise may not have the full standing of a contract, as when it is an agreement without consideration. Contract law varies greatly from one jurisdiction to another, including differences in common law compared to civil law, the impact of received law, particularly from England in common law countries, and of law codified in regional legislation. Regarding Australian Contract Law for example, there are 40 relevant acts which impact on the interpretation of contract at the Commonwealth level, and an additional 26 acts at the level of the state of NSW. In addition there are 6 international instruments or conventions which are applicable for international dealings, such as the United Nations Convention on Contracts for the International Sale of Goods.
Contract
A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more mutually agreeing parties. A contract typically involves the transfer of goods, services, money, or a promise to transfer any of those at a future date. In the event of a breach of contract, the injured party may seek judicial remedies such as damages or rescission. A binding agreement between actors in international law is known as a treaty. Contract law, the field of the law of obligations concerned with contracts, is based on the principle that agreements must be honoured. Like other areas of private law, contract law varies between jurisdictions. In general, contract law is exercised and governed either under common law jurisdictions, civil law jurisdictions, or mixed-law jurisdictions that combine elements of both common and civil law. Common law jurisdictions typically require contracts to include consideration in order to be valid, whereas civil and most mixed-law jurisdictions solely require a meeting of the minds between the parties. Within the overarching category of civil law jurisdictions, there are several distinct varieties of contract law with their own distinct criteria: the German tradition is characterised by the unique doctrine of abstraction, systems based on the Napoleonic Code are characterised by their systematic distinction between different types of contracts, and Roman-Dutch law is largely based on the writings of renaissance-era Dutch jurists and case law applying general principles of Roman law prior to the Netherlands' adoption of the Napoleonic Code. The UNIDROIT Principles of International Commercial Contracts, published in 2016, aim to provide a general harmonised framework for international contracts, independent of the divergences between national laws, as well as a statement of common contractual principles for arbitrators and judges to apply where national laws are lacking. Notably, the Principles reject the doctrine of consideration, arguing that elimination of the doctrine "bring[s] about greater certainty and reduce litigation" in international trade. The Principles also rejected the abstraction principle on the grounds that it and similar doctrines are "not easily compatible with modern business perceptions and practice".Contract law can be contrasted with tort law (also referred to in some jurisdictions as the law of delicts), the other major area of the law of obligations. While tort law generally deals with private duties and obligations that exist by operation of law, and provide remedies for civil wrongs committed between individuals not in a pre-existing legal relationship, contract law provides for the creation and enforcement of duties and obligations through a prior agreement between parties. The emergence of quasi-contracts, quasi-torts, and quasi-delicts renders the boundary between tort and contract law somewhat uncertain.
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"contract." Kamus.net. STANDS4 LLC, 2024. Web. 28 Mar. 2024. <https://www.kamus.net/english/contract>.
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