"The Contract"

A contract is a legally binding agreement between two or more parties that outlines their rights, responsibilities, and obligations. It specifies what each party agrees to do or provide, and usually includes terms like payment, deadlines, and conditions. Once signed, the contract can be enforced by law, meaning all parties are expected to follow through on their commitments. Contracts are common in business, employment, and personal arrangements, serving to prevent misunderstandings and provide clarity and protection for everyone involved.