In the Malayalam language, the word `contract` is often referred to as `pannu`. It is used in various contexts such as business, legal, and employment sectors.

The term `pannu` refers to a written or oral agreement between two or more parties. In the business world, it can refer to a formal document that outlines the terms and conditions of a partnership between two firms. The contract may include the scope of work, payment terms, deadlines, and other details that define the relationship between the two parties.

In the legal sector, a contract is a binding agreement that is enforceable by law. It is used to establish agreements between parties, such as in the sale of a property, lease of a car, or employment agreement. A contract may also be used to outline the terms of a loan or establish a partnership between two companies.

In employment, a contract is a formal agreement between an employer and an employee. It outlines the job duties, compensation, benefits, and other critical aspects of the employment relationship. It is a legally binding document that both parties must adhere to, and serves to protect the interests of both the employer and the employee.

In conclusion, the Malayalam meaning of the word contract is `pannu`, which refers to a formal written or oral agreement between two or more parties. It is commonly used in the business, legal, and employment sectors, and serves to establish the terms and conditions of a partnership or relationship. As a professional, it is important to use accurate and clear language when writing on technical topics like this to ensure maximum comprehension by the audience.