A formal writing style is not necessarily âbetterâ than an informal style, rather each style serves a different purpose and care should be taken in choosing which style to use in each case.
insured contract. A term used to specify the limit of contractual liability coverage. This term can refer to lease agreements, easement agreements, and any other agreement that relates to the insured's business.
Related to contract: contract law, employment contract, breach of contract, Elements of a Contract. (kÅnâ²trÄktâ²) n. 1. a. An agreement between two or more parties, especially one that is written and enforceable by law. b. The writing or document containing such an agreement.