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.
(..) paperwork here for you. Always got to have the paperwork. You know, I bought a new car recently. Man, with the contracts and all, Came to pages. Well, this is a lease. I ain't buying yet. You interested (..)1993 Free Willy