What is contract?

A contract is like a promise between friends that they both agree to follow.

Imagine you and your friend decide to trade toys, you give them your favorite dinosaur toy, and they give you their cool race car. To make sure everyone keeps their part of the deal, you write down what each person will get. That written agreement is like a contract.

A contract has rules that both sides agree on before anything happens. It’s like when you and your friend say, “If I give you my dinosaur, you’ll give me your race car.” If one of you breaks the promise, the other can remind them, just like if you forgot to bring your dinosaur, your friend could say, “We made a deal!”

Contracts help people know what to expect. They are used not just by kids trading toys but also by grown-ups when they buy houses or sign up for school. It’s all about making sure everyone follows the rules of the game, and keeping things fair!