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linkmanager1 · Joined: 09 Mar 2007 Posts: 17 13.52 Dollars($)

Is it right to use contract and agreement interchangablly, or these terms have little bit or more than little bit difference?

sara · 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: 76 1.14 Dollars($)

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

Guest

Guest

a contract is enforceable by law bt an agreemant might nt be.
a contract is legal while an agreement is not.

gmakerley · Posted: Sat Feb 20, 2010 12:57 pm Post subject:

man o man this is a stunning array of answers. it is obvious that the two terms are used interchangeably, but i have to concur that the legalese of it all tells us that a "contract" is binding, while an "agreement" is a less formal (and therefore non-binding) form of a deal. after all, we can "agree to disagree" but i don't think we'd ever enter into a contract stipulating that.

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Are 'contract' and 'agreement' both same terms?