The phrase "a contract is bought" is correct and usable in written English.
It can be used in contexts discussing the acquisition or purchase of a contract, typically in legal or business settings.
Example: "In this transaction, a contract is bought to ensure both parties are legally bound to the terms agreed upon."
Alternatives: "a contract is acquired" or "a contract is purchased."
Unless Krstic's contract is bought out, he will likely remain at CSKA for the remainder of the season.
He will replace David L. Brewer III, a retired admiral whose contract was bought out by the board last week for about $500,000.
He began his professional career in 1920, winning 108 games for the minor league Baltimore Orioles of the International League before his contract was bought by Connie Mack of the American League ALL) Philadelphia Athletics (A's) in 1924 for $100,600, a record sum at the time.
Options activity lit up our scanners earlier Tuesday as one trader implemented an 850-lot calendar spread in which the March contract was bought at the 55 strike in exchange for calls at the June 65 strike.
The last six years of Richardson's contract were bought out by the school on Friday after a tumultuous week when Richardson made comments concerning fans, the news media and his treatment as the only black head coach at Arkansas.
An extended service contract was bought in about 3 of every 10 transactions.
"You can say that the contract was bought out," the agent, Yuri Nikolaev, told the daily Sovietskii Sport Monday.
His contract was bought by the Boston Braves of the National League, who assigned him to minor league teams.
STOUDAMIRE TO JOIN SPURS Damon Stoudamire, whose contract was bought out by the Grizzlies, told the Spurs that he would sign with them later this week, ESPN.com reported.
King has been criticized for making deals with no regard for future ramifications, starting with the 2011 trade with Utah for Williams, whose contract was bought out last summer with two years remaining.
