A contract is a legally binding agreement between two or more parties that creates an obligation to do or not do certain things. It is an agreement that is enforceable by law.
Contracts are legally binding agreements between two or more parties that outline the rights and obligations of each party. They are used to define the terms of a relationship, such as the sale of goods or services, employment, or other business transactions. Contracts are typically written documents, but they can also be verbal or implied. The purpose of a contract is to ensure that all parties involved understand the terms of the agreement and are held accountable for fulfilling their obligations. Contracts are enforceable in a court of law, and any breach of contract can result in legal action. Contracts are an essential part of any business transaction, and they should be carefully drafted to ensure that all parties are protected.