The contract
Example: Contract legally binds parties to agreed terms
Definition
"The contract" is a legally binding agreement between two or more parties that outlines specific rights, duties, and obligations that each party must fulfill. It serves as a formal document ensuring that the agreed terms are enforceable by law.
Etymology
The word "contract" originates from the Latin term 'contractus,' meaning 'a drawing together or agreement.' It combines 'con-' (together) and 'trahere' (to draw), reflecting the idea of drawing parties together into an agreement. Did you know that contracts have been used since ancient times to formalize transactions and promises?
Learn to use this word actively
"The contract" appears in the Vocaplus list "English - Law - (A1-C2) - set 1", containing 125 commonly used words.
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