Search: Business Empire Magazine (wont let me put link)they have a ton of useful information about ways to start or grow a business and should have answers to your questions. You can also submit press releases or other information about your company
      Answer1:A contract is a legal binding agreement between two or more parties for performing, and even refraining from performing some specified act or acts in exchange for a lawful consideration. For example you sign a contract to buy a home.A service contract is a contract that you might purchase say when you buy a car, TV set, or major appliance. Usually these will cover the costs or offset the costs of repairs.I hope this helps.
      Answer2:A service contract is to service an item. A contract is generally used to sell a tangible item.