What Is A Contract?
What Is A Contract?
A contract is an agreement between two or more persons or entities in which each party agrees to do, or not to do, certain things. The agreement may be written, oral, or implied, and is usually enforceable by law. While contracts can be made for just about anything, there are certain types of contracts that are more common than others. For example, most contracts between businesses are called “commercial contracts.” Other common types of contracts include employment contracts, insurance contracts, and lease agreements.
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