{"id":110104,"date":"2025-04-04T08:00:42","date_gmt":"2025-04-04T08:00:42","guid":{"rendered":"https:\/\/aws.zycus.com\/glossary\/stgblog1\/what-is-contract\/"},"modified":"2026-02-11T09:14:28","modified_gmt":"2026-02-11T09:14:28","slug":"what-is-contract","status":"publish","type":"post","link":"https:\/\/staging.zycus.com\/glossary\/what-is-contract","title":{"rendered":"Contract"},"content":{"rendered":"<p>A contract is a formal, legally binding agreement between two or more parties, stipulating specific terms and obligations that the parties agree to fulfill. It serves as the foundational document in procurement for managing relationships and expectations regarding goods, services, or other exchanges.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A contract is a formal, legally binding agreement between two or more parties, stipulating specific terms and obligations that the parties agree to fulfill. 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