A contract is an agreement entered into voluntarily by two parties or more with the intention of creating a legal obligation, which may have elements in writing, though contracts can be made orally. The remedy for breach of contract can be "damages" or compensation of money. In equity, the remedy can be specific performance of the contract or an injunction. Both of these remedies award the party at loss the "benefit of the bargain" or expectation damages, which are greater than mere reliance damages, as in promissory estoppel. The parties may be natural persons or juristic persons. A contract is a legally enforceable promise or undertaking that something will or will not occur. The word promise can be used as a legal synonym for contract., although care is required as a promise may not have the full standing of a contract, as when it is an agreement without consideration.

Contract law varies greatly from one jurisdiction to another, including differences in common law compared to civil law, the impact of received law, particularly from England in common law countries, and of law codified in regional legislation. Regarding Australian Contract Law for example, there are 40 relevant acts which impact on the interpretation of contract at the Commonwealth (Federal / national) level, and an additional 26 acts at the level of the state of NSW. In addition there are 6 international instruments or conventions which are applicable for international dealings, such as the United Nations Convention on Contracts for the International Sale of Goods (Vienna Sales Convention)

Timothy Richard Tebow ( /ˈtiːboʊ/; born August 14, 1987) is an American football quarterback for the New York Jets of the National Football League (NFL). He played college football at the University of Florida, winning the Heisman Trophy in 2007 and appearing on BCS National Championship-winning teams in the 2006 and 2008 seasons. After graduating, he was drafted by the Denver Broncos as the 25th overall pick in the 2010 NFL Draft. Tebow is known as a dual threat quarterback, adept at both rushing and passing the football. With his unorthodox NFL quarterback skills, frequent demonstrations of his religious devotion, and his team's success, Tebow has attracted unprecedented praise, criticism, and attention from the sporting media and beyond. Commenting on Tebow's play and the attention he has garnered, many football players and observers have said that they "have never seen anything like it."

Tebow played quarterback for Nease High School in Ponte Vedra Beach, Florida and was ranked among the top quarterback prospects in the nation as a high school senior. He ultimately chose to attend the University of Florida. As a backup and situational quarterback, Tebow helped the Gators win the national championship during the 2006 college football season. Tebow was the Gators' starting quarterback during the 2007 season when he became the first college sophomore to win the Heisman Trophy. In 2008, Tebow led Florida to a 13-1 record and its second national championship in three years, and was named the offensive MVP of the national championship game. The Gators again went 13–1 in 2009, Tebow's senior year. At the conclusion of his college career, he held the Southeastern Conference's all-time records in both career passing efficiency and total rushing touchdowns, appearing second and tenth (respectively) in the NCAA record book in these categories.