### Question
How does the law define contract?


### Answer
Under *10 U.S.C. § 2397*, **contract** is defined as:

> a contract (including the net amount of modifications to, and the exercise of options under, the contract) that is in an amount in excess of the simplified acquisition threshold, as in effect at the time that the contract is awarded

#### Citation:
  - *10 U.S.C. § 2397*
  - Heading: **Subtitle A-General Military Law     > PART IV-SERVICE, SUPPLY, AND PROCUREMENT   > CHAPTER 141-MISCELLANEOUS PROCUREMENT PROVISIONS**

