Contract
Quick Answer
What is Contract?
A contract is a legally binding agreement – in South Africa it can even be verbal, but written contracts win disputes.
Contract explained
Cover scope, price, payment terms, duration, exit and disputes. Templates reviewed once by an attorney serve for years.
Who it applies to: Every business relationship that matters.
Cost: Free to write; attorney review recommended.
Related terms and guides
Official source: Gov.za
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Last reviewed: September 2026 by the BizAnswers editorial team. How we write and check our guides.