What is the legal definition of Contract?

In the legal context, Contract means An agreement between two or more people, one party (or parties) agreeing to perform certain acts, the other party (or parties) agreeing to pay for or give other consideration for said performance. A contract places an obligation on one party to do something and an obligation upon the other party to reward the doer.

 

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Fitter Law covers legal issues throughout Illinois on various business transaction and litigation matters.