/fɔrˈmeɪʃən/ – noun
Definition: quá trình thành lập, thiết lập.
A more thorough explanation: 1. the act of bringing a contract into existence
2. the act or process of forming a business association
3. the act or process of starting a new organisation or group of people with a common interest
Example: 1. In the traditional notion of contract formation, negotiating parties must come to a meeting of the minds on the terms of an agreement.
2. The statute provides for the formation of limited liability partnerships.
3. Life has got worse since the formation of a unity government.