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We present a theory of contracts that is centered around reacting to failures and explore it from a general assume-guarantee perspective as well as from a concrete context of automated synthesis from linear temporal logic (LTL) specifications, all of which are compliant with a contract metatheory introduced by Benveniste et al. We also show how to obtain an automated procedure for synthesizing reactive assume-guarantee contracts and implementations that capture ideas like optimality and robustness based on assume-guarantee lattices computed from antitone Galois connection fixpoints. Lastly, we provide an example of a “reactive GR(1)” contract and a simulation of its implementation.