Upgrad LLM

contracts and agreements


all contracts are agreements,but all agreements are not contracts.commemt?
 
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contract=Agreement+enforciiability
Agreement =offer+aceptance
 
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Hello,

A contract is defined under section 2(h) of Indian Contract Act - “An agreement enforceable by law is a contract” which in itself gives us the fact that all contracts have to be an agreement. There will be no contract if there is no agreement.

Whereas all agreements are not contracts because an agreement to become a contract must give rise to a legal obligation. If an agreement is incapable of creating a duty enforceable by law. It is not a contract. Thus an agreement is a wider term than a contract. For example, you make an agreement with your friend that if you do his work then he will be giving you a treat, there is no legal obligation here so it cannot be considered as a contract.

Regards,
Joy Bose

 
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Retired employee.

Search in google for hundreds of such cases with explanations and case law for your academic interest.

 
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CEO

In effect there is no difference between an Agreement and a Contract if properly stamped, executed and registered. 

 
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Lawyer

An "agreement" is accepted, signed and executed (if reduced in writing, however, it can be oral as well) it is a "contract" which create legal right and obligation on both the parties.

 
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Lawyer

What is the actual problem and facts of the case/ dispute involving an "agreement" to be a "contract" ??

 
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In business, contracts are important because they outline expectations for both parties, protect both parties if those expectations aren't met and lock in the price that will be paid for services.

heather tesch

 
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Adv P & H High Court Chandigarh

Go through the following judgment wherein the difference in both terms has cleearly been decided with the help of case laws.

 
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