Pleased with the contract (5)
I believe the answer is:
lease
'the contract' is the definition.
(lease is a kind of contract)
'pleased with' is the wordplay.
'with' indicates a hidden word.
'LEASE' is hidden in the letters of 'pleased'.
(Other definitions for lease that I've seen before include "Property rental agreement" , "Contract allowing use of a property" , "Let; rent" , "Term of a rental contract" , "Ghost" .)