all contracts are agreement but all agreements are not contract
The correct statement about contract is that a contract is an agreement between a buyer and a seller. A contract can be a written or oral agreement.
You may use the following synonym of the word 'agreement': understanding, deal, arrangement, pact, contract.
Pact, contract, binding agreement.
A contract
Generally speaking, an agreement in principle precedes a contract. The contract is enforceable but the agreement is not.
1.covenant 2. agreement
agreement???
There is a minor difference between contract and agreement. The outline of a contract is more formally presented than the terms laid out in an agreement. A contract contains the obligations and authority that the court has to enforce while the agreement is a less formal version of the two parties obligations.
There is a minor difference between contract and agreement. The outline of a contract is more formally presented than the terms laid out in an agreement. A contract contains the obligations and authority that the court has to enforce while the agreement is a less formal version of the two parties obligations.
An offer is a specific proposal to enter into an agreement with another. An offer is vital to the formation of an enforceable contract. An offer, and the acceptance of the offer, creates the contract.
A contract is a legally binding agreement.