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A contract may relate to virtually any type of transaction. Contracts may relate to performance of a service, sale, or transfer of ownership of property, or a combination of these types of transactions. Parties to a contract may be individuals, partnerships, corporations, or even governments
Please specify what industry you're talking about as there are a vast variety of contracts that belong to different industries like construction, real-estate, business law, tenancy, performance, maintenance, loan contracts, and etc..
