Contract Translation

Vertrag

Definition

A contract is a legally enforceable agreement between two or more parties that creates, modifies, or terminates a legal obligation.

Translation

The German word "Vertrag" translates to "contract" in English.

Additional Information

Contracts can be written or oral, but written contracts are more common and provide more protection for the parties involved. Contracts typically include the following elements:

• The parties to the contract
• The subject matter of the contract
• The terms and conditions of the contract
• The signatures of the parties

Contracts are essential for businesses and individuals alike. They help to protect the rights of the parties involved and ensure that all parties are clear on their obligations.