What is the meaning of contract in law? Generally, in our daily routine, every person enters into the contract, for example buying books, purchasing groceries or vegetables or purchasing property, etc. This is the primary meaning of the contract. Now, we will discuss the meaning of the contract.

The definition of Contract is defined under section 2 (h) as “An agreement enforceable by law is a contract”. Agreement 2(e) + Enforceable by law 2(j) = Contract 2(h). OR Enforceable Agreement = Contract

Section 2 (e), the Act defines the term agreement as “every promise and every set of promises, forming the consideration for each other”. Promise 2(b) + Consideration 2(d) =Agreement 2(e).

section 2 (j) as,  "A contract which ceases to be enforceable by law becomes void when it ceases to be enforceable."

section 2(b) defines the term “promise” here as: “when the person to whom the proposal is made signifies his assent thereto, the proposal becomes an accepted proposal. A proposal when accepted, becomes a promise”. Offer 2(a) + Acceptance 2(b) = Promise 2(b)

The term consideration is defined as "When, at the desire of the promisor, the promisee or any other person has done or abstained from doing, or does or abstains from doing, or promises to do or to abstain from doing, something, such act or abstinence or promise is called a consideration for the promise."

section 2 (a) as "When one person signifies to another his willingness to do or to abstain from doing anything, to obtain the assent of that other to such act or abstinence, he is said to make a proposal."

Acceptance is defined as "When the person to whom the proposal is made signifies his assent thereto, the proposal is said to be accepted."

Formula Offer + Acceptance = Promise + Considertion = Agreement + Enforceability by law = Contract