All these words involve at least two parties, tho an engagement or promise may be the act of but one. A contract is a formal agreement between two or more..All these words involve at least two parties, tho an engagement or promise may be the act of but one. A contract is a formal agreement between two or more parties for the doing or leaving undone some specified act or acts, and is ordinarily in writing. Mutual promises may have the force of a contract. A consideration, or compensation, is essential to convert an agreement into a contract. A contract may be oral or written. A covenant in law is a written contract under seal. Covenant is frequent in religious usage, as contract is in law and business. Compact is essentially the same as contract, but is applied to international agreements, treaties, etc. A bargain is a mutual agreement for an exchange of values, without the formality of a contract. A stipulation is a single item in an agreement or contract. A cartel is a military agreement for the exchange of prisoners or the like.(noun)
a contract that heavily restricts one party while leaving the other free (as some standard form printed contracts); implies inequality in bargaining p more..a contract that heavily restricts one party while leaving the other free (as some standard form printed contracts); implies inequality in bargaining power(noun.communication)
a contract whose performance by one party depends on the occurrence of an uncertain contingent event (but if it is contingent on the outcome of a wage more..a contract whose performance by one party depends on the occurrence of an uncertain contingent event (but if it is contingent on the outcome of a wager it is not enforceable)(noun.communication)
a contract which, in the event of a breach by one of the parties, can be considered as several independent agreements expressed in a single instrument (noun.communication)