An agreement between two or more persons that creates an obligation to do or not to do a particular thing.
Source: U.S. Courts
(1) A term of reference describing a unit of trading for a commodity future or option; (2) an agreement to buy or sell a specified commodity, detailing the amount and grade of the product and the date on which the contract will mature and become deliverable.
Source: Commodity Futures Trading Commission
A legally binding agreement between two or more persons/organizations to carry out reciprocal obligations or value.
Source: U.S. Maritime Administration.
(1) An agreement between two or more people to do or not to do a particular thing;
(2) an agreement between two or more people that makes, changes, or ends a legal relationship.
Source: California Courts.