What is another word for FORMAL CONTRACT?
Pronunciation: [fˈɔːmə͡l kˈɒntɹakt] (IPA) 
A formal contract is a written agreement that outlines the terms and conditions of a legally binding arrangement between two or more parties. There are several synonyms for this phrase that can be used interchangeably in different contexts and situations. For example, a formal contract can be referred to as a legal contract, binding contract, written agreement, or official document. Other similar phrases may include a covenant, pact, compact, or arrangement. Regardless of the specific terminology used, a formal contract aims to establish clear expectations and obligations between all parties involved in the agreement, while also providing legal protection and recourse in the event of any dispute or breach of contract.
