A contract is a legal document that binds two or more parties who agree to execute a transaction immediately or in the future. Since contracts are legal documents, they are enforced and implemented by law. Examples of contracts are an individual entering into a contract with an insurance company for covering their health insurance, an individual buying a piece of land from another individual, or a company selling its shares to another company.
What is a contract?
Get Solidity Programming Essentials now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
