A contract is an agreement that is enforceable by law between at least two parties where one party acquires rights and the other party takes on obligations.
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Indian contract act, 1872
1.
2. A contract is an agreement, enforceable by law,
made between at least two parties by which
rights are acquired one and obligations are
created on the part of another.
U/S 2(h)
“An agreement enforceable by law.”