Difference between revisions of "Agreement"
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| − | An agreement is an informal term for a de facto [[contract]], which is generally a promise in exchange for something. Laws require certain agreements to be in writing in order to be enforceable. A legally enforceable agreement is known as a contract. | + | An agreement is an informal term for a de facto [[contract]], which is generally a promise in exchange for something. Laws require certain agreements to be in writing in order to be enforceable. A legally enforceable agreement is known as a contract. An agreement means mutual consent. [[category:legal terms]] |
An agreement can have a meaning that is more broad than contract. For example, an agreement can be a gift, or any promise without obtaining something in return. | An agreement can have a meaning that is more broad than contract. For example, an agreement can be a gift, or any promise without obtaining something in return. | ||
| − | Another example is an agreement in argument, which implies no contract. For example, two people might agree that [[George Bush]] is a good president. | + | Another example is an agreement in an argument, which implies no contract. For example, two people might agree that [[George Bush]] is a good president. |
[[Category:sociology]] | [[Category:sociology]] | ||
[[category:law]] | [[category:law]] | ||
Revision as of 19:54, July 15, 2007
An agreement is an informal term for a de facto contract, which is generally a promise in exchange for something. Laws require certain agreements to be in writing in order to be enforceable. A legally enforceable agreement is known as a contract. An agreement means mutual consent.
An agreement can have a meaning that is more broad than contract. For example, an agreement can be a gift, or any promise without obtaining something in return.
Another example is an agreement in an argument, which implies no contract. For example, two people might agree that George Bush is a good president.