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.
(..) that speech. WeII, your guy, AIberto, he's a piece of shit. I toId him to do something, he didn't Iisten... so I canceIIed his contract. My partners and I are pissed off. That's okay. No big deaI. There's other AIbertos. We'II do it next month. No, Tony, you can't do that. (..)1983 Scarface