Transactional Contract

A transactional contract is an agreement between two parties for a specific task or service with a clear beginning and end. It outlines the responsibilities, costs, and timelines involved. Once the work is completed and payment is made, the relationship typically concludes. This type of contract is common for one-time projects or purchases, such as buying a car, hiring a plumber, or contracting a database setup. It emphasizes a focus on achieving defined objectives and does not necessarily imply ongoing engagement beyond the deal.