A contract is the type of right that allows a person to agree with two parties based on legal terms that will cover such a contract.
In any proposed contract that will be legal, there must be an offer, acceptance of the offer, consideration, mutual obligation, capacity, etc to bind such a contract.
Latitude is "A. a measure of how far a given object is north or south of the equator" Longitude, on the other hand, is a measure of how far a given object is to the east and west.