legala written legal agreement between two people or businesses that says what each must do for the other or give to the otherAfter six months she was offered an employment contract.
A team led by Raytheon Aircraft Co. has won a contract to build aircraft to train Air Force pilots.
contract with: Our contract with NBC expires next year.
under a contract: Under his contract he is not allowed to work for any other publisher.
be in breach of contract (=have done something the contract says you must not do): The court found that the company was in breach of contract.
be on a contract (=have a contract to work for someone): Are you on a permanent or a fixed-term contract?
be under (a) contract to someone/something (=have obligations as a result of a contract with them): She is still under contract to Microsoft.
be off contract: He is now off contract and free to move on.
enter into a contract: In order for it to be valid, both parties have to enter into the contract voluntarily.
sign a contract: He has signed a six-year contract with the Denver Broncos.
conclude a contract: The Corporation concluded contracts on temporary storage with the owners of the storage facilities.
terminate a contract: The employer can terminate the contract of employment with immediate effect.
subject to contract (=with no contract yet signed): The house has been sold subject to contract.
award someone a contract: The contract for building the hospital has been awarded to a Dutch company.