A contract is considered an enforceable statement between two or more people that creates specific obligations for those involved. Simply put, a work contract is a piece of writing that helps to create a foundation for the basic terms of an agreement as they pertain to the employment of a person, or persons, by a business. A work contract, or job contract, is sometimes required for different kinds of employment situations. In many business arraignments, a work contract is created any time you or your business agrees to make a payment in exchange for anything of value or when taking some kind of action. Seek a licensed professional for more answers.