A contract is an agreement between two or more persons.
A contract is an agreement between two or more persons (individuals, businesses, organizations or government agencies) to do, or to refrain from doing, a particular thing in exchange for something in value. Contracts generally can be written, using formal or informal terms, or entirely verbal. Contracts are governed by ``general principals`` and are usually derived from the common law (or judge-made law). However on the other hand, Professor Atiyah (1968b) argues that, ``there are no such things as a typical contract at all``. It was argues that ``contracts`` are a discrete, two-party, com…
- A contract is an agreement between two or more persons.
- Definition of a Contract
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