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.
(..) You don't have a problem living from other people's work? Any conscience issues? I'm good, what about you? Do you think you'd be able to work? I mean with a contract, a schedule, responsibilities. I was wrong. You are funny. I'm so funny I'm ready to take you on on a one month trial. (..)2011 The Intouchables
(..) It's almost done anyway. Here, you can communicate with a babyphone. It's like a Walkie-Talkie. You hear him, he hears you. According to the contract, you also have your own room. Here, the toilets. And there a private bathroom. Hello? It's here. (..)2011 The Intouchables