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Contract (1)
CONTRACT (1)

Definition: [ ~ (with somebody)/ ~ (between A and B)/ ~ (for something/to do something) ] An official written agreement.
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* All fifteen elements should be in.


1. Purposeful for all the parties involved.

2. Considered a necessity by law, convention, etc. to make agreement official - formal and written.

3. Voluntarily entered into by the parties involved.

4. Processes by which agreement is sealed and made valid are legal - signed by the right person(s), deposited or registered in the correct place(s), etc.

5. Procedures (= request, advert, bidding, presentation, selection, notification, award, payment, etc.) adopted, are all legal and beyond reproach.

6. Terms and conditions of agreement (= clauses or provisos, get-out and cancellation provisions (if any), duration and renewal or renegotiation conditions, etc.), are clearly understood.

7. What is agreed to be done, performed, used, etc. is doable, real or needful, usable, etc.

8. Persons or parties to agreement have the capacity and capability to fulfill their respective obligations.

9. Writings, that is, what is contained in the document is watertight. In simple terms, no single error or mistake in agreement!

10. Agreement has a seal or mark of legality - signatories, witness or witnesses, certification, documentation, registration, etc., etc.

11. Agreement will be worth or is worth the effort (= investment, time, resources, etc.) that will be put into executing it.

12. Meant. That is, agreement is not a 'scam'. In order words, writings are not basically a 'waste', that is intended not to be executed or 'executed' to perpetrate corruption, underdevelopment, cronyism, bad governance, etc.

13. Agreement will serve purpose(s). (Connect to #11 & #12.)

14. Well-drafted. That is, can be clearly interpreted and adjudicated on, whenever necessary (connect to #6 & #9, to reemphasize).

15. (Reserved.) (Would be faithfully executed; never revoked or cancelled or awarded to another contractor, whatever the consideration involved!)
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See perfect CONTRACTOR (1).

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