A written contract is a formal agreement between two or more parties that outlines the terms and conditions of a specific arrangement. It serves as a legal document that can be enforced in a court of law, providing clarity and protection for all involved. Key elements typically include the parties' names, the subject matter, payment details, and any deadlines or obligations. Having a written contract helps prevent misunderstandings and disputes by clearly stating each party's responsibilities. It can cover various topics, such as employment agreements, real estate transactions, or service contracts. Overall, written contracts are essential for ensuring that all parties are on the same page.