A: According to Black's Dictionary (Ninth Edition), a contract is "an agreement between two or more parties creating obligations that are enforcable or otherwise recognizable at law. A contract is a promis, or a set of promises, for breach of which the law gives a remedy, or the performance of which the law in some way recognized as a duty."
There are many volumes written on the term contract. Basically, to create the agreement, there must be a offer to contract, and acceptance of the offer, and consideration between the parties. Thus, a contract is a agreement. The contract can be oral or in writing, but obviously a contract is much easier to enforce if it is written. For more information, contact Matthew A. Linde, P.A. today.
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