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Copyright protection extends to all works that are "original" and "fixed" in a tangible form of expression. Traditionally, most people think only works like music, art or books can be copyrighted. But legally speaking, contracts can be subject to copyright protection too. So if you use the existing contract word-by-word without their permission, you could be violating the law.
That doesn't mean you can't use their contract as a base for your own. If you take someone's contract and tweak it so that it's "yours" using your own creativity, you could escape copyright liability.
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