Contract under civil legislation of the russian federation as a regulator of social relations

The article considers contract under civil legislation of the Russian Federation to be a form of law (source of law). The author shows the difference between a transaction as an act of the parties and a contract as a regulator of social relations. By means of transaction the terms of the contract approved by the parties come into effect. From the viewpoint of neopositivism approach to the law the terms of a contract can be considered as legal instructions of a particular character. In this case a contract as a regulator of social relations is a form of law with particular legal instructions.