The term is false in nature.
What is a contract?
The rights and duties of the parties are established, made clear, and governed by a contract, which is a legally binding agreement between two or more parties. A frequent element of contracts is the transfer of goods, services, money, or a commitment to deliver any of those later. If a contract is broken, the injured party may seek legal remedies including damages or revocation. Contract law, a division of the law of obligations that deals with contracts, is based on the idea that agreements must be upheld.
The deeds must be disclosed to both parties and both parties must understand the language in order for a contract to be considered legitimate.
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