what is the wording for a standard contract
Two Types of Contracts. The basic component of contract law is the differentiation between simple contracts and deeds. Contrary to the wording, a simple contract does not necessarily mean that it's free of complexity.Almost all contracts -- whether made in writing, by word of mouth or implied by action -- are simple contracts. Deeds are the other form of contract.iri Stafford/Photodisc/Getty Images. During the course of business, organizations enter into contracts with vendors, customers, employees and suppliers. As an agreement that is legally binding, contracts contain specific wording that can sometimes be difficult to understand.