Usually means: Agreement framework governing mutual obligations.
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We found 6 dictionaries that define the word contract system:

General (6 matching dictionaries)
  1. contract system: Merriam-Webster.com
  2. contract system: Wordnik
  3. contract system: Wiktionary
  4. Contract system: Dictionary.com
  5. contract system: Free Dictionary
  6. Contract system: Dictionary/thesaurus

Definitions from Wiktionary (contract system)

noun:  A system for managing contracts.
noun:  (law enforcement) The system of selling the labor of convicts to a contractor, who provides the necessary materials and supervises the work in the premises of the prison.

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