contract

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con·tract

(kon-trakt'),
1. To shorten; to become reduced in size; in the case of muscle, either to shorten or to undergo an increase in tension.
2. To acquire by contagion or infection.
3. An explicit bilateral commitment by psychotherapist and patient to a defined course of action to attain the goal of the psychotherapy.
[L. con-traho, pp. -tractus, to draw together]

contract

(kən-trăkt′, kŏn′trăkt′)
v.
1. To reduce in size by drawing together; shrink.
2. To become reduced in size by or as if by being drawn together, as the pupil of the eye.
3. To acquire or incur by contagion or infection.

contract

A written, dated and signed agreement between two or more parties, which sets out any arrangements on delegation and distribution of tasks and obligations, and, if appropriate, on financial matters. A clinical trial protocol may serve as the basis for a contract.

contract

Managed care A health care policy or plan in which a provider offers certain services delineated in writing, to which the purchaser–Pt agrees by signature. See Guaranteed renewable contract, Provider risk contract, Subscriber contract.

con·tract

(kon'trakt, kŏn-trakt')
1. To shorten; to become reduced in size; in the case of muscle, either to shorten or to undergo an increase in tension.
2. To acquire by contagion or infection.
3. An explicit bilateral commitment by psychotherapist and patient to a defined course of action to attain the goal of the psychotherapy.
[L. con-traho, pp. -tractus, to draw together]

con·tract

(kon'trakt, kŏn-trakt')
1. Explicit bilateral commitment by dentist and patient to a defined course of action to attain the goal of therapy.
2. To acquire by contagion or infection.
3. To shorten; to become reduced in size.
[L. con-traho, pp. -tractus, to draw together]
References in periodicals archive ?
Thus, the policy will not be a "binding agreement relating to distribution and liquidation proceeds" and so will not be a governing provision.
Although market interest should be required and paid on related party loans, under the current regulations, a below-market interest rate on an employee loan will not be a binding agreement and will not be a governing provision, unless entered into with a principal purpose of circumventing the SCOS requirement.
A commercial contractual agreement (such as a lease, loan or employment agreement) is not a binding agreement and so is not a governing provision, unless a principal purpose is to circumvent the one-class-of-stock requirement.
However, as noted, a commercial contract such as a loan is not a binding agreement and so is not a governing provision unless a principal purpose is to circumvent the one-class-of-stock requirement.
Thus, the policy will not be considered a "binding agreement relating to distribution and liquidation proceeds" and so will not be considered to be a governing provision.
Routine commercial contracts, such as leases, employment agreements or loan agreements, are not considered to be binding agreements relating to distribution and liquidation proceeds, unless they are entered into to circumvent the one class of stock rules.(4)
Example 3: A Corp., an S corporation, is required under binding agreements to pay accident and health insurance premiums on behalf of certain of its employees who are also shareholders.