Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What is the difference between an agreement and a contract?

user-image
Question added by Mona Kaltar
Date Posted: 2017/05/14
Gayasuddin Mohammed
by Gayasuddin Mohammed , Advocate , Practicing Law before High Court at Hyderabad

Agreement enforceable by Law is called contract.  Therefore all CONTRACTS are AGREEMENTS, but All AGREEMENTS are Not CONTRACTS. Thanks.

Fahd Elbanna
by Fahd Elbanna , Senior Associate , Kuwaiti Law Firm

The différents between the contract and agreement is related to the force enforceability, the agreement from it's name doesn't includes the force enforceability clause, even though it can lead to the indemnity, but the contract includes beside the duties and obligations also the methods of the enforcibilty vis a vis the inaction party. 

NOWSHAD SHAHUDEEN
by NOWSHAD SHAHUDEEN , ACCOUNTANT , JIL LIFTS & ESCALATORS CONT LLC

AGREEMENT has no legal validity but a contract has .  The agreement cannot be legally enforcceable but a contract has

More Questions Like This