A contract is a document signed by the buyer and seller that serves as a legally-binding agreement that defines the terms,conditions,and remedies of the buyer-seller relationship.

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A contract is indeed a document signed by the buyer and seller that creates a legally-binding agreement and outlines the terms and conditions of their relationship. It can also include remedies or consequences if either party breaches the contract.

A Contract Is a Document Signed by the Buyer and Seller