ISSN 2581-5369
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All Contracts are Agreement but All Agreements are Not Contract
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Kashish Sharma
Student at IILM university, Gurugram, India
Abstract
Contracts is defined in S2(h) of Indian contract Act, 1874 .Contracts and Agreements are mostly considered synonymous terms, but they are different in many aspects, and they have a totally different definition. An agreement is the basic structure and when the agreement is legally bounding it becomes a contract, but if it does not include the essentials to form a contract then it can become a void, voidable, domestic agreement. Therefore, not every agreement turns into a contract, but it can be considered as an essential step forward to form a contract. This paper aims to differentiate between these two terms and elaborate the essentials to turn an agreement into a contract.
Type
Research Paper
Information
International Journal of Law Management and Humanities, Volume 5, Issue 6, Page 1094 -1101
DOI: https://doij.org/10.10000/IJLMH.113847Creative Commons
This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.
Copyright
Copyright © IJLMH 2021