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Regarding Contract and Agreement

Former Member
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Hai ,

can any one tell me the difference between CONTRACT and AGREEMENT

Thank you .

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Answers (2)

Answers (2)

jpfriends079
Active Contributor
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In General terms, an agreement typically documents the give-and-take of a negotiated settlement. Not legally bound until and unless agreed by both party.

Whereas, legally enforceable agreement is contract.

As in SAP, both have are different definition, function & purpose.

The agreement in deal is a Scheduling Agreement.

Contract comes not picture, only after legally enforceable agreement offline.

Regards

JP

Former Member
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Thank you .

Former Member
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