Contract n Agreement Explain?
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An agreement is any understanding or arrangement reached between two or more parties. A contract is a specific type of agreement that, by its terms and elements, is legally binding and enforceable in a court of law.
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Contracts and agreements are related in so many significant ways. Contracts mean agreeing on some matters weather those are national or international aspects Contract is an agreement between two or more competent parties.The agreement can be formal, informal, written, oral or just plain. Some contracts are required to be in writing in order to be enforced.
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