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Contracts

Contracts are legally binding agreements between two or more parties. In order for a contract to be valid, it must have certain elements such as offer, acceptance, and consideration. Continue Reading Below

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Encyclopedia Articles

Discover the definition of financial terms related to contracts.

Principal-Agent Problem: How It Works, Causes, and Examples Thumbnail

Principal-Agent Problem: How It Works, Causes, and Examples

Silas Bamigbola

Finder's Fee: Definition, How It Works, Types, and Examples Thumbnail

Finder's Fee: Definition, How It Works, Types, and Examples

Silas Bamigbola

Standby Letter of Credit: How It Works, Types, and Examples Thumbnail

Standby Letter of Credit: How It Works, Types, and Examples

Silas Bamigbola

Notarization: How It Works, Types, and Examples Thumbnail

Notarization: How It Works, Types, and Examples

Silas Bamigbola

Advance Payment: How It Works, Types, and Examples Thumbnail

Advance Payment: How It Works, Types, and Examples

Silas Bamigbola

Confidentiality Agreement: How It Works, Types, and Examples Thumbnail

Confidentiality Agreement: How It Works, Types, and Examples

Silas Bamigbola

Acceleration Clause Explained: How It Works, Types, and Examples Thumbnail

Acceleration Clause Explained: How It Works, Types, and Examples

SuperMoney Team

Bilateral contract: Definition, Types,and Examples Thumbnail

Bilateral contract: Definition, Types,and Examples

Silas Bamigbola

How Non-Negotiable Instruments Work: Examples and Implications Thumbnail

How Non-Negotiable Instruments Work: Examples and Implications

Silas Bamigbola

Asset Specificity: Definition, Implications, and Strategies Thumbnail

Asset Specificity: Definition, Implications, and Strategies

Abi Bus

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Learn About Contracts

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How To Make a Will: A Step-by-Step Guide

Sammi Toner

Thumbnail for Blog Article: What Does Under Contract Mean in Real Estate?

What Does Under Contract Mean in Real Estate?

Julie Bawden-Davis

Thumbnail for Blog Article: Lessor vs. Lessee: Here are the Differences

Lessor vs. Lessee: Here are the Differences

Camilla Smoot

Thumbnail for Blog Article: Can I Return a Car I Just Bought and How?

Can I Return a Car I Just Bought and How?

Jamela Adam

About Contracts

Contracts are legally binding agreements between two or more parties. In order for a contract to be valid, it must have certain elements such as offer, acceptance, and consideration. Contracts are commonly used in business transactions, but can also be used for personal matters such as purchasing a home or hiring a contractor for home renovations.