All Contracts Are Agreements But All Agreements Are Not Contracts Comment On The Statement

These agreements are not concluded and are based on one of the themes mentioned above. There is no liability for non-application of the contract and, therefore, the terms of the contract are not binding on either party. An agreement between spouses concluded during their marriage to determine the right to maintenance and the property of the other in the event of death or divorce. Such agreements are not enforceable unless each party makes full disclosure of its assets to the other party and has consulted with its own lawyers. Even then, most of these agreements are not enforceable unless they are entered into by spouses in the midst of separation or divorce. The Indian Contract Act of 1872 can be interpreted as covering all kinds of possible agreements and contracts. However, in some cases, whether or not an agreement is a contract depends on the facts and circumstances. In short, all legally enforceable agreements become contracts. It follows that there may be agreements that are not contracts, but that there can be contracts that are not agreements.

Contracts and agreements are linked in so many important ways. Treaties mean agreement on certain issues, whether or not they are national or international aspects of agreements. More broadly, the contract [1] is an agreement between two or more competent parties in which an offer is made and accepted and each party benefits from it. The agreement can be formally, informal, written, oral or simply clearly understandable. Some contracts must be in writing to be enforced. Examples of a contract are a lease, a debt certificate or a lease.