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.
(..) And the way you have your Mr. Moguy, I have a lawyer, a persnickety man named Tuttle, and I would need my Mr. Tuttle to draw up a legal contract before I'd feel comfortable exchanging that amount of money for flesh. Not to mention having Eskimo Joe examined by a physician of my choosing. (..)2012 Django Unchained