what is a difference between agreement and contract
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Answered by
6
Answer:
- An agreement exists where there is a mutual understanding regarding rights and responsibilities among parties to a business arrangement.
- A contract is an agreement between respective parties that creates legally binding obligations.
Explanation:
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Answered by
51
Answer:
The terms “agreement” and “contract” are used interchangeably, but legally speaking, they are two different things. An agreement is simply an understanding or arrangement between two or more parties. A contract is a specific agreement with terms and conditions that are enforceable court.
Explanation:
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