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Contract vs. agreement

English for Specific Purposes (ESP) » Legal English

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Anonymous, 2 yr 249 days ago
Based on your description, the short answer is NO. However, don't be fooled, just because the title of a document, such as" Memorandum of Understanding" (MOU), might imply that an enforceable contract has not been reached, doesn't necessarily mean it is not a binding contract. What matters is the language used in the document and the intention of the parties as viewed by the court.
Anonymous, 2 yr 187 days ago
Contract is a formal Agreement wherein an "offer", "accpetance" / "consent" between (minimum 2) parties, involves an exchange of some monytory "consideration". It may either be an express or implied. 
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Anonymous, 2 yr 160 days ago

Sorry for the correction here but I couldn't leave it be. "Consideration" need not be monetary!!!! Indeed, the simple fact that a party has given up a legal right or taken some form of action not otherwise required might support consideration for the purposes of contract formation. The vital question is whether it is a "bargained for" exchange of promises.

Anonymous, 2 yr 113 days ago

Simple

An Agreement enforcable by law is a Contract. All contracts are agreements, all agreements are not contracts.

Anonymous, 2 yr 84 days ago
 Anonymous wrote:

HI!

I DON'T UNDERSTAND THE STATEMENT

ALL AGREEMENTS ARE NOT CONTRACT  BUT 

ALL CONTRACTS ARE AGREEMENTS!!

David  +  417520 Wed, 12 Sep 07 12:14 PM
A contract is an agreement between one or more persons with one or more persons whereby an obligation is created regulated or dissolved. It is binding. An agreement is flexible.
David
Joined on Sat, Mar 8 2003
Regular Member 664
Ankhorite  +  423530 Tue, 25 Sep 07 07:07 PM
I agree with the answer right above mine, Anonymous.  You need to contact a legal advice site which covers the law where you live.  I don't even know what you mean by the abbreviation "MOU."  Sorry...   Sad [:(]
Ankhorite
Joined on Tue, Sep 25 2007
New Member 03
Anonymous, 2 yr 62 days ago
FYI (For Your Information) - "MOU" is an abbreviation for Memorandum of Understanding and the use of the term GENERALLY means that the arrangment is not binding.
Anonymous, 1 yr 323 days ago
What is the difference between MoU and contract?
Is it possible to sign a contract without having a MoU?
If do so, are there any problems?
pls explain to me
Thank you in advance
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