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Is ther a difference between an agreement and contract?

April 26, 2017Agreement contract contracts difference Legal ther

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Is ther a difference between an agreement and contract?

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Generally no, but there could be. A contract is an agreement where both sides offer consideration. On the other hand, you can have an agreement with no consideration, thus it is not a contract. So a contract is always an agreement, but an agreement is not always a contract.