- an agreement between two or more parties for the doing or not doing of something specified.
- an agreement enforceable by law.
From “Con” meaning bad and “tract”, meaning traction or grip. So “contract” means “bad grip”.
This explains a lot, considering how gripping a well-written contract can be.
A good example of this is our local garbage company, who signed a new contract with the city for garbage removal. A contract that raised local garbage rates by 500%. But it’s not the city that pays for this bad grip, it’s the people who live there and/or have a business there. And now, 3 years later, the effects are still felt all across the city. But the city officials who signed the contract are gone, so who can we point the collective finger at? And how can the new city officials renegotiate this contract?
The people who live/work here are stuck paying the price.