Alasdair Taylor's Answer

In a legal context, the word “contract” can refer either to the legal concept of a contract – that is, an exchange of value/promises that is enforceable via the courts – or to a document containing the provisions – aka the “terms and conditions” of a contract. “Terms and conditions” can also refer to a particular style of contractual document, one that is defined by one party, often in circumstances where that party is not usually amenable to the negotiation of the document’s provisions.