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

linkmanager1 · Joined: 09 Mar 2007 Posts: 22 13.66 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: 73 0.78 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 0.10 Dollars($)

All times are GMT - 7 Hours

Page 1 of 1