“Any promise and series of promises that make mutual respect is an agreement.” Having complied with the definition of the agreement, it is clear that a “promise” is an agreement. For example, Mr. A. is declared in default by the court and the court has ordered that he be excluded from the contract. Now Mr. A buys an apartment in increments and has not paid for it. The owner of the apartment cannot sue him because the contract was non-acute. (excluded from awarding contracts) ENFORCEABLE BY LAW:- in Indian Contract Act 2 (h) it says the agreement is enforceable by law. If an agreement is legally applicable, then it is CONTRACT, if not just an agreement.
“All contracts are agreements, but not all agreements are contracts.” This statement can be understood from the Venn diagram above. The agreements, which are enforceable under the law of the country, become contracts designated by the inner circle. The outer circle refers to agreements that are not contracts. The shady part includes agreements that are not enforceable by law and are referred to as non-legal agreements. FAMILY RIGHT:- Family law is not treated as in the case of: Balfour v/s Balfour:- In this case, the accused who entered Govt., Job in Ceylon went to England with his wife on love. For health reasons, the woman was unable to return to Ceylon. The husband promised to pay his wife 30 ponds a month as child support for the period she was to live. The husband did not pay that amount.
The wife filed a complaint against her husband for the money. The court found that this agreement was not applicable by law. A contract is a legally binding agreement that exists between two or more parties to do or not to do something. An agreement begins with an offer and ends for compensation, but a contract must achieve another objective, that is, applicability. As a result of this violation, the aggrieved person can appeal against the culprit. So we can say that all contracts are an agreement, but not all agreements are contracts. This article was written by Anjali Dhingra, IInd Jahr Student, B.B.A. LL.B, Symbiosis Law School, NOIDA. In this article, the author discusses contracts and agreements and the difference between the two.