Jan 20 , 2016

Tampa School of Real Estate

Formal Contract

Definition:  Any agreement that contains all the essentials of a contract, including that it is in writing and under seal,  a contract that depends on a particular form.

Pronunciation:   \ˈfȯr-məl\ \ˈkän-ˌtrakt\

Used in a Sentence:   We had a formal contract with the broker to sell our property.

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