Contracts are typically between one party and:

A) the federal government
B) the state government
C) another private party
D) an international agency on commerce

Private Party

An individual or a privately owned entity engaging in transactions or events, distinct from governmental or public parties.

Federal Government

The national government of a federal state, where powers are divided between the central government and constituent territorial units.

State Government

The government of an individual state within a federal system, responsible for local laws and governance within its territory.