What does contracts mean?

Definitions for contracts
con·tracts

This dictionary definitions page includes all the possible meanings, example usage and translations of the word contracts.


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Wikipedia

  1. contracts

    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.

U.S. National Library of Medicine

  1. Contracts

    Agreements between two or more parties, especially those that are written and enforceable by law (American Heritage Dictionary of the English Language, 4th ed). It is sometimes used to characterize the nature of the professional-patient relationship.

Editors Contribution

  1. contracts

    Plural form of the word contract.

    The unity government contracts are created, shared and allocated fairly and justly according to just procurement guidelines that ensure the redistribution of wealth, income and resources across society.


    Submitted by MaryC on June 24, 2020  

British National Corpus

  1. Spoken Corpus Frequency

    Rank popularity for the word 'contracts' in Spoken Corpus Frequency: #2331

  2. Written Corpus Frequency

    Rank popularity for the word 'contracts' in Written Corpus Frequency: #2786

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Numerology

  1. Chaldean Numerology

    The numerical value of contracts in Chaldean Numerology is: 5

  2. Pythagorean Numerology

    The numerical value of contracts in Pythagorean Numerology is: 5

Examples of contracts in a Sentence

  1. David Howman:

    I don't confine my comments to the NCAA within the United States. I would say internationally that's an area where there needs to be much more done because there are young athletes who are tempted to cheat in order to try to get the professional contracts, i don't think you can even say that there's such a thing as an amateur athlete these days except within the college system in this country.

  2. Abdel Mehdi:

    We are still in the pattern of service contracts and we have not entered in production sharing contracts. This issue is premature.

  3. Sami Khoreibi:

    There's a massive increase in solar power installations in the Mena region. This year we will see contracts 10 times more than last year.

  4. Phil Hughes:

    Our contracts are denominated in U.S. dollars, regardless of the customers' domicile.

  5. Rosa DeLauro:

    The Pentagon will finally have to end its relationship with Rosoboronexport and the other entities sanctioned once and for all, our government must stop filling the pockets of Russian arms dealers. It should instead support American jobs by allowing U.S. companies to compete for these contracts.

Popularity rank by frequency of use

contracts#1#3177#10000

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"contracts." Definitions.net. STANDS4 LLC, 2024. Web. 18 Jun 2024. <https://www.definitions.net/definition/contracts>.

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