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The phrase "lucrative contract" is correct and usable in written English.
You could use this phrase when referring to an agreement in which the material gain for the one parties is significant. For example: "The new CEO was able to negotiate a very lucrative contract with the company's suppliers."
Exact(57)
One signed a lucrative contract extension on Wednesday.
But Damon signed a more lucrative contract with the Yankees.
Without that, they have no career, no lucrative contract.
It is understood he was offered the most lucrative contract in the club's history.
A lucrative contract later, Bay said he was not at all daunted.
BAE admitted to false accounting and misleading statements with regards to the lucrative contract.
The Lakers could offer a more lucrative contract to keep him.
Alex Rodriguez is a businessman who has negotiated the most lucrative contract ever in professional sports.
A European-led consortium won the lucrative contract, beating Boeing, earlier this year.
Instead, he walks out on a lucrative contract and returns to the fields.
Mark Sanchez now has a lucrative contract to match his growing celebrity.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com