contract
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contract
A formal, often written and legally binding agreement between two or more parties; a synonym for agreement or contract.
Der Fußballspieler hat einen neuen Kontrakt über drei Jahre unterschrieben.
The football player signed a new three-year contract.
The word 'Kontrakt' (contract) is mainly used in certain professional fields. You hear it especially often in the context of professional sports, business, and law.
Der Boxer hat einen Kontrakt für drei weitere Kämpfe erhalten.
The boxer received a contract for three more fights.
A 'Kontrakt' (contract) is an agreement that can be actively shaped. Typical verbs are: 'abschließen' (to conclude/enter into), 'unterschreiben' (to sign), 'verlängern' (to extend), 'aushandeln' (to negotiate), or 'auflösen' (to terminate) a contract.
Nach langen Verhandlungen konnte der Kontrakt endlich abgeschlossen werden.
After long negotiations, the contract could finally be concluded.
The fixed expression 'unter Kontrakt stehen' (to be under contract) or 'jemanden unter Kontrakt nehmen' (to sign someone / put someone under contract) means that a person is legally bound by a contract. The preposition 'unter' is fixed here.
Der junge talentierte Musiker wurde von einem großen Label unter Kontrakt genommen.
The talented young musician was signed by a major label.
contract
'der Vertrag' and 'der Kontrakt' both mean a formal, often written and legally binding agreement. In many situations, you can use both words in a similar way. 'Vertrag' is the normal word in everyday life and in most official situations. 'Kontrakt' sounds somewhat more technical or elevated and appears especially in business or legal contexts. In terms of content, the difference is small; what matters most is the style.
Der Kontrakt mit dem Lieferanten läuft am Ende des Jahres aus.
The contract with the supplier expires at the end of the year.
Herr Hofmann unterschreibt den Vertrag für die neue Wohnung.
Mr. Hofmann signs the contract for the new apartment.