a simple business contract between friends protects the relationship by separating the business and friendship.3 min read a simple business contract between friends protects the relationship by separating the business and friendship. breaching the contract is against the law and can lead to a lawsuit. an agreement is used to describe something that two parties agree on for something basic, like agreeing to take a walk together. it’s not a legally enforceable agreement because there was no consideration exchanged between the parties. as an example, you might go shopping and buy something at the store and pay the store owner for your purchase. the consideration that you get is the item that you buy.