Definitions for contracts
con·tracts

WikipediaRate this definition:0.0 / 0 votes

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 MedicineRate this definition:0.0 / 0 votes

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 ContributionRate this definition:0.0 / 0 votes

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

How to pronounce contracts?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say contracts in sign language?

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. Chief Executive Roman Biloskorskiy:

   We only have sales contracts in foreign currency now.

2. Donald Trump:

   Many of them…are tied up with contracts working for various networks, …as an example, they might have a contract with Fox, they may have a contract with CNN and they can't do it. They have contracts with the various networks and maybe the media too. I don't know about The Times but it's possible—less likely, I'm not sure how that structure works with the actual newspapers.

3. Bill Johnson:

   Legislation pending or proposed in Congress would restrict contracts that the bill sponsors feel somehow interfere with civil rights investigations, from our point of view, contracts do no such thing. In fact, can not do such a thing, legally.

4. Jon Hykawy:

   What would alleviate those concerns would be available long-term contracts at reasonable prices, with some guarantee on future deliveries owing to the source of supply.

5. Washington Mystics:

   The new salary cap a year ago has forced teams to rethink their rosters long term, you used to be able to think in two- or three-year blocks. Now it's four- or five-year blocks. Teams will be in a situation where you may have four or five high-paid players and need four or five young contracts to balance that out.

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