Indiana Code 36-2-2.8-2. “Contract”

Sec. 2. (a) As used in this chapter, “contract” means a contract for the purchase of:

(1) real property;

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Contract: A legal written agreement that becomes binding when signed.
contract: means a contract for the purchase of:
Indiana Code 36-2-2.8-2
Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.

(2) tangible or intangible personal property; or

(3) services (as defined in IC 5-22-2-30).

(b) The term does not include a contract concerning the issuance of:

(1) a bond to finance the construction of a public facility; or

(2) a bond or other type of security for the payment of a lease obligation.

As added by P.L.139-2024, SEC.1.