| Author |
Message |
|
|
 linkmanager1
Joined: 09 Mar 2007
Posts: 22
13.68 Dollars($)
|
 Posted: Wed Apr 04, 2007 10:54 pm Post subject: Are 'contract' and 'agreement' both same terms? |
|
|
Is it right to use contract and agreement interchangablly, or these terms have little bit or more than little bit difference?
_________________
Home Loans Uk
Petition Online |
|
|
sara
Moderator
Joined: 05 Jul 2006
Posts: 1679
Location: New Brunswick, New Jersey
315.07 Dollars($)
|
| Posted: Wed Apr 04, 2007 11:50 pm Post subject: RE: Contract vs agreement |
|
|
Hi,
The terms "agreement" and "contract" are one and the same. But both the terms are used differently with respect to the context.
Under the Common law, the two terms have different concepts. If the parties have a "contract", it means that the arrangement between them can be enforced by the court. But in general, an "arrangement" may not be enforceable by the court.
Thanks,
Sara |
|
|
heavenhack7
Joined: 05 Apr 2007
Posts: 75
1.14 Dollars($)
|
| Posted: Thu Apr 05, 2007 4:45 am Post subject: |
|
|
hi ,
ya contract and agreement are same but are used for different purpose but it depends on ocassions so you should be careful
thanks,
heavenhack |
|
|
Porter
Guest
|
| Posted: Thu Apr 05, 2007 1:50 pm Post subject: |
|
|
| Quote: | | Is it right to use contract and agreement interchangablly, or these terms have little bit or more than little bit difference? |
Terms & conditions of a contract can be enforced in a court of law; this is what differentiates them from agreements.
An agreement may or may not have all the required elements which can result in its enforcement in court. |
|
|
