# Contract

- Canonical URL: https://www.gerhardmerk.de/contract
- Post ID: 590645
- Modified: 2023-07-25T20:59:45+00:00
- Language: en

## Definition

In the financial market, often used for any binding legal agreement that is enforceable in a court of law or by binding arbitration. - Basic term used on commodity futures exchanges. It is more specifically - a legally binding agreement between two or more parties to - perform or refrain from performing a service. This is associated with - a precisely defined contract content in all details, e.g. the delivery of a specific quantity (lot) of goods - such as crude oil, grain - of a specific grade at a specific delivery date, place of delivery and price. - The written form (writtenness) is not absolutely necessary and is generally not customary on exchanges. - See attachment, European Master Agreement, contract, transferable, legal opinion, non-deliverable forwards, option, commodity forward, futures contract, futures speculator, transaction. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1