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The contraction of a Tensor is obtained by setting unlike indices equal and summing according to the
Einstein Summation convention.  Contraction reduces the Rank of a Tensor by 2. 
For a second Rank Tensor,
References
Arfken, G.  ``Contraction, Direct Product.''  §3.2 in
  Mathematical Methods for Physicists, 3rd ed.  Orlando, FL: Academic Press, pp. 124-126, 1985.