Nairobi Governor Johnson Sakaja before the Administration and Internal Security Committee at Mini Chambers, County Hall, Nairobi. [File, Standard] If you have ever been in any formal employment or run a business, you know about performance contracts. But first, let us discuss some basics. A contract is a legally binding agreement between two or more parties that creates mutual obligations enforceable by law. It can be written, oral, or implied by conduct, and it requires key elements like offer, acceptance, consideration (a mutual exchange of value), capacity, and legality. The purpose of a contract is to define promises, set expectations, and…