Contracts Meaning: Definition, Examples, and Translations
๐
contracts
[หkษntrรฆkts ]
Definitions
business
A written or spoken agreement between two or more parties that is enforceable by law.
Synonyms
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| contracts |
Suitable for formal and legal situations, especially in business, real estate, or employment where legal enforceability is essential.
|
| agreement |
Used in formal and informal settings to indicate mutual understanding or acceptance between parties. It may or may not be legally binding.
|
| deal |
Appropriate for informal to semi-formal situations, often emphasizing a transaction or negotiation. It may also refer to bargains or business transactions.
|
| pact |
Typically used in formal or semi-formal contexts, often referring to agreements between nations, organizations, or individuals that involve a commitment over time.
|
Examples of usage
- They signed a contract to provide services for the company.
- The contract specifies the terms and conditions of the partnership.
law
A formal and legally binding document that outlines the rights and obligations of the parties involved.
Synonyms
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| contracts |
Use this word in a business or legal setting where a formal, legally binding document is created and signed between parties.
|
| agreement |
This is suitable for both formal and informal settings where parties come to a mutual understanding, which may or may not be legally binding.
|
| treaty |
Primarily used in the context of international relations, where it refers to a formally concluded and ratified agreement between countries.
|
| covenant |
Often used in religious, historical, or formal legal settings to describe a solemn promise or commitment. It might have a formal or antiquated feel.
|
Examples of usage
- The lawyer reviewed the contract before the client signed it.
- The contract includes clauses to protect both parties in case of disputes.
business
To enter into a formal agreement with another party, typically through a written document.
Synonyms
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| contracts |
Formal, legally binding agreements typically used in business, employment, or real estate.
|
| agree |
General term used to indicate consensus or acceptance between two or more parties, suitable for casual and formal settings.
|
| commit |
Indicates a strong dedication or promise to do something, often implying a long-term engagement.
|
| engage |
Can mean to take part in or become involved with something or someone, often used in more interactive or personal contexts.
|
Examples of usage
- They contracted with the supplier for the delivery of raw materials.
- The company contracted a consultant to improve their marketing strategy.
Translations
To see the translation, please select a language from the options available.
Interesting Facts
Legal Importance
- Contracts serve as legal protection, ensuring everyone keeps their promises, and can be enforced in court.
- A contract can be written or verbal, but it's easier to prove in writing if a disagreement arises.
Cultural Perspectives
- In many cultures, the significance of a contract reflects trust and respect between parties, essential for business dealings.
- Some societies rely heavily on handshake agreements, valuing personal relationships over formal contracts.
Historical Use
- Ancient civilizations like the Egyptians and Babylonians used early forms of contracts in trade and property agreements.
- The Magna Carta (1215) laid out principles that influenced modern contract law, emphasizing fairness in agreements.
Pop Culture
- In movies and TV shows, contracts often lead to drama, like characters signing away their rights or entering dangerous deals.
- Catchphrases like 'Youโre fired!' often come from contracts ending abruptly in popular reality shows.
Origin of 'contracts'
Main points about word origin
- The word comes from the Latin 'contractus' meaning 'to draw together', reflecting how parties come together to agree.
- In the early days, agreements were often verbal, but the need for clear terms led to the written forms we see today.
The word 'contracts' originated from the Latin word 'contractus', which means drawn together or tightened. It has been used in legal contexts for centuries to refer to agreements between parties that are legally binding. The concept of contracts has evolved over time to encompass a wide range of business and legal practices, shaping the way agreements are made and enforced in modern societies.
See also: contract, contracted, contractible, contracting, contraction, contractions, contractor, contractors, contractual, subcontract, subcontracting.