Can i ask the example of a contract from a lawyer?

Answer 1

A contract is an agreement between two or more parties that creates in each party a duty to do or not dosomething and a right to performance of the other's duty or a remedy for the breach of the other's duty.

Example: A owes B money. A and B have a meeting of the minds where it is understood by both A and B that A owes money to B. To make it legally binding, B draws up a written contract that outlines the terms of A's repayment. A agrees to the tenets of B's contract, signs the contract, and a legally binding agreement (for repayment of money in this case) has been created by A and B. A is now legally bound by contract law to abide by the tenets of the repayment contract that B drew up.

NOTE: Contracts must be made by parties with the necessary capacity (as age or mental soundness) and must have a lawful, not criminal, object. Except in the state of Louisiana, a valid contract also requires consideration, mutuality of obligations, and a meeting of the minds (this is generally a good thing to have whether you are in LA or not). In Louisiana, a valid contract requires the consent of the parties and a cause for the contract in addition to capacity and a lawful object.

There are many types of contracts (50+) that exist in the United States jurisprudence. Please remember that every situation is unique and that like unique situations, there are unique contracts!