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Contract
/ˈkɒn.trækt/noun / verb
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A legally binding agreement between two or more parties that outlines mutual obligations, such as the exchange of goods, services, or promises, often enforceable by law. In a broader sense, it can also refer to the process of drawing something together or reducing it in size, like a muscle contraction, reflecting its dual role in formal dealings and everyday physical phenomena.
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The earliest known written contract dates back to 2800 BC in ancient Sumer, where clay tablets recorded agreements for loans and sales, predating modern legal systems by millennia and influencing everything from international treaties to your smartphone's terms of service.
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