Verifying real-time systems goes beyond the verification of functional properties: it also requires the checking of real-time properties. This makes traditional contract-frameworks partially inept for checking real-time programs. This is a major problem because the failure of real-time and safety critical systems can have serious consequences. This thesis presents a solution to this problem by incorporating Design by Contract (annotating programs with function pre and post conditions) to such systems. The main contribution of this thesis is the development of a contract framework for cyclic real-time control applications written in C++. The contract framework allows the users to specify both functional and temporal properties for the applications. A novel approach of empirical cumulative distribution function (cdf ) based statistical inference is used for dynamically estimating temporal constraints and incorporating them in future contracts. The thesis also illustrates the use of Real-time Logic (RTL) for formal specification of the temporal properties. For evaluating our methodology, we have integrated it to a component-based framework called FASA (Future Automation System Architecture) developed at ABB Corporate Research for writing hard real time control applications. Experiments show that this contract framework can be smoothly integrated to existing control applications thereby increasing their reliability while having a acceptable overhead (less than 10%) on the performance.