Please don't copy and paste answers from previous posts, I ALREADY LOOKED and it was still confusing!! Contracts are essential to the function of any business organization. Without clear and enforceable contractual rights and obligations commerce would fail to function efficiently. There are many laws and governing bodies that are involved with creating and enforcing contracts, and many different sets of criteria that need to be met in order to deem a contract legal. Describe a contract that you signed in the past over which a conflict arose. What was the basic contract? What was the principal dispute? How was it resolved? (If still in litigation you do not have to share if writing about it in public might prejudice your case.) If you cannot think of a contract, or do not want to share, find one to discuss on the internet and cite your work. It can be a case, from a newspaper, magazine or a law journal.