The company won a multi-million-dollar 'contract' to build a new courthouse. = The company was awarded a multi-million-dollar 'contract' to build a new courthouse.
The company 'contracted out' its manufacturing jobs. [=the company paid another company to do its manufacturing jobs instead of doing them itself]
If he breaks the 'contract' [=if he does not abide by the agreement], he will get sued.
(..) to welcome Real's latest signing... Newcastle United fans are still coming to terms with the loss of Santiago, two years before the end of his contract... ... in exchange for Michael Owen has shocked fans... ... the Mexican-born striker runs the risk of sitting on the bench. (..)2007 Goal II: Living the Dream
(..) as they welcome him to St James's Park. The last-minute exchange deal with Real Madrid will see Santiago Munez move to Real Madrid on a two-year contract. - Excuse me. You know where Roz is? - Down to the left. Thank you. There's that git, upsetting my lovely Rosalind. (..)2007 Goal II: Living the Dream