/kənˈtrækʃən/ – noun
Definition: 1. việc giao ước, việc ký kết hợp đồng.
2. sự co rút, sự rút gọn, sự rút ngắn.
A more thorough explanation: In legal terms, a “contraction” refers to the act of reducing or shortening a legal document or agreement by removing certain provisions or clauses. This may be done through an amendment, modification, or revision of the original document.
Example: The parties entered into a contract for the sale of goods, but one party sought to avoid the contract by claiming a mistake in the terms of the agreement.