Changes

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 enforceaple 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 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.