Agreement vs. Contract

By Jaxson

  • Contract

    A contract is a promise or set of promises that are legally enforceable and, if violated, allow the injured party access to legal remedies. Contract law recognises and governs the rights and duties arising from agreements. In the Anglo-American common law, formation of a contract generally requires an offer, acceptance, consideration, and a mutual intent to be bound. Each party must have capacity to enter the contract. Although most oral contracts are binding, some types of contracts may require formalities such as being in the form of a signed, dated written agreement in order for a party to be bound to its terms.

    In the civil law tradition, contract law is a branch of the law of obligations.

Wikipedia
  • Agreement (noun)

    An entities to follow a specific course of conduct.

    “to enter an agreement;”

    “the UK and US negotiators nearing agreement;”

    “he nodded his agreement.”

  • Agreement (noun)

    A state whereby several parties share a view or opinion; the state of not contradicting one another.

    “The results of my experiment are in agreement with those of Michelson and with the law of General Relativity.”

  • Agreement (noun)

    A legally binding contract enforceable in a court of law.

  • Agreement (noun)

    Rules that exist in many languages that force some parts of a sentence to be used or inflected differently depending on certain attributes of other parts.

  • Agreement (noun)

    An agreeable quality.

  • Contract (noun)

    An agreement between two or more parties, to perform a specific job or work order, often temporary or of fixed duration and usually governed by a written agreement.

    “Marriage is a contract.”

  • Contract (noun)

    An agreement which the law will enforce in some way. A legally binding contract must contain at least one promise, i.e., a commitment or offer, by an offeror to and accepted by an offeree to do something in the future. A contract is thus executory rather than executed.

  • Contract (noun)

    A part of legal studies dealing with laws and jurisdiction related to contracts.

  • Contract (noun)

    An order, usually given to a hired assassin, to kill someone.

    “The mafia boss put a contract out on the man who betrayed him.”

  • Contract (noun)

    The declarer’s undertaking to win the number of tricks bid with a stated suit as trump.

  • Contract (adjective)

    Contracted; affianced; betrothed.

  • Contract (adjective)

    Not abstract; concrete.

  • Contract (verb)

    To draw together or nearer; to shorten, narrow, or lessen.

    “The snail’s body contracted into its shell.”

    “to contract one’s sphere of action”

  • Contract (verb)

    To shorten by omitting a letter or letters or by reducing two or more vowels or syllables to one.

    “The word “cannot” is often contracted into “can’t”.”

  • Contract (verb)

    To enter into a contract with. en

  • Contract (verb)

    To enter into, with mutual obligations; to make a bargain or covenant for.

  • Contract (verb)

    To make an agreement or contract; to covenant; to agree; to bargain.

    “to contract for carrying the mail”

  • Contract (verb)

    To bring on; to incur; to acquire.

    “She contracted the habit of smoking in her teens.”

    “to contract a debt”

  • Contract (verb)

    To gain or acquire (an illness).

  • Contract (verb)

    To draw together so as to wrinkle; to knit.

  • Contract (verb)

    To betroth; to affiance.

Wiktionary
  • Agreement (noun)

    harmony or accordance in opinion or feeling

    “the governments failed to reach agreement”

    “the two officers nodded in agreement”

  • Agreement (noun)

    a negotiated and typically legally binding arrangement between parties as to a course of action

    “a verbal agreement to sell”

    “a trade agreement”

  • Agreement (noun)

    the absence of incompatibility between two things; consistency

    “agreement between experimental observations and theory”

  • Agreement (noun)

    the condition of having the same number, gender, case, and/or person as another word.

Oxford Dictionary

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