Legal Definitions - construction contract

A construction contract is an agreement between two or more parties that creates obligations that can be enforced by law. It is a written document that sets forth the terms and conditions of the agreement.

For example, a construction contract may be created between a property owner and a contractor for the construction of a new building. The contract would outline the scope of work, the timeline for completion, and the payment terms.

The purpose of a construction contract is to ensure that both parties understand their obligations and responsibilities. It provides a legal framework for the project and helps to prevent disputes and misunderstandings.