What are the differences between contract and agreement
2006-12-10 17:29:01 · 3 answers · asked by juliannabd 1 in Business & Finance ➔ Renting & Real Estate
They are the same thing. Some people/companies will call a contract an agreement because it sounds better and not as big of a deal. Wireless companies for example. Most are now calling that two year contract and agreement because a contract may make the customer feel like they didn't have a say and the company is getting what they want. However when you hear agreement it makes it seem as if both sides agreed on all terms.
Check number 4 http://dictionary.reference.com/browse/agreement
Check number 2
http://dictionary.reference.com/browse/contract
2006-12-10 17:40:48 · answer #1 · answered by Robert W 2 · 0⤊ 0⤋
...since your question is in the real estate section....
You can agree to the price of the house, there are a bunch of other terms to agree upon prior to having a "contract".
BTW - Alot of people think that their agent write a "contract" on a house they like. Your agent writes an OFFER on the house. Once all the terms are agreed to and the signatures and initials are in place you have a contract.
2006-12-14 08:07:37 · answer #2 · answered by teran_realtor 7 · 0⤊ 0⤋
by Robert's references ..the contract is in writing..
the agreement is written, or verbal
2006-12-10 18:36:37 · answer #3 · answered by m2 5 · 0⤊ 0⤋