What is a contract?

A contract is a declaration of at least two persons. This means, both say what they want. If both accept this, a contract is settled. One type of contract is the employment contract. This contract mentions how long you have to work and how much you will get paid for it. Other types of contracts include apartment leases, mobile phone contracts, instalment payments and many more. It is important to always read a contract well before signing it. Pay extra attention to how long the contract will run and if there are any additional costs or fees. Also make sure you read what might happen if you are unable to pay including how to cancel the contract if need be. If you do not understand something, you should ask relevant people about it and never sign a contract without fully understanding everything.

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