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 | + | 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 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. | ||
Revision as of 18:41, April 9, 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 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.