Characteristics and differences between contract and agreement

Based on the context and the framework in which they are developed, it is possible to know the differences of the agreements and the contracts that exist, because one is found in the legal part, while the other can be at an interpersonal level.

Contracts and agreements are part of people's daily lives, in all terms since they are necessary to bequeath agreements that seek a common good for those involved, whether with legal characteristics or not.

What are agreements and contracts?

Agreements

They are agreements whose rules and regulations are ruled outside the legal framework on many occasions, because there are agreements of great character which can be taken with the importance or weight of a contract.

The agreements can be observed on a day-to-day basis, since people usually practice them to define terms with respect to an activity that requires mutual effort to carry them out, an example of these can be the phrase “if you help me, I'll help you. I help ”, referring to the fact that there is a pending activity from which a benefit is obtained by having the physical or cognitive support of another person, which also requires help in an activity of their responsibility.

There are agreements between academies, institutes and states, which may have some legal relevance, due to the importance of them, such as trade agreements, for example.

It should be noted that the agreements are generally proposed orally, between two or more people.

Contract

The contracts are agreements signed by the participants, which in turn must be mandatory, written, for the reason that these documents are strictly legal. There are different types of contract, as in turn this is composed of different parts that structure it.

These can be observed regularly, when participating in a work group in a company, a contract is usually signed to be able to carry out the work in it, since the terms and conditions have to be established, thus avoiding misunderstandings in a future, which may involve a legal process.

Contract types

These documents can be classified according to the way in which the information is contained and also according to the obligations of the parties.

Without a specific contract and clarifies all its terms, it is called explicit, but when they are not completely detailed, that this is due to the decision of one of the two parties, it is called implicit.

Regarding the obligations, we speak of a bilateral contract when both parties fulfill important functions and unilateral contracts that are directed only to one party, which must comply with what is proposed by it.

In labor terms, there are a large number of contracts that depend on the need of the company for a service provided by someone, which can be temporary, trial, indefinite and even tacit that are practically agreements since they are oral.

Parts of a contract

Contracts must follow the legal regulations established in the country where it is carried out, thus achieving a perfect structuring of the same, because if it is poorly prepared, or one of the parties does not meet the necessary requirements, it can be view canceled.

• Participants or signatories: Those involved in the terms of the contract must be legally stable people speaking in psychological and mental terms, they must not be dependent on substances such as drugs or alcohol, or, failing that, addicts, and they must also comply with the main requirement that is the of having the age of majority established in the state where it takes place.
• Proposal: It is the expression of the will of one of the parties, which can be described in writing, being paraphrased by the person who wishes to establish the contract, as long as it complies with the terms described above, that is, they do not have psychological problems, being aggressive or addicted to a harmful substance.
• Reason: u objective of the contract, it must be within the parameters stipulated by the laws of the state, since illegal contracts or agreements that imply social disorder, the death of individuals or theft cannot be established.
• Reason: It is the cause for which such document is carried out, which must be completely lawful, and must have the consent of both parties, in case the contract is signed of course.
• Structure: It is the way in which said contract is issued, which does not necessarily have to be written, since there are some of these which were carried out orally, but which is not highly recommended.

At the time of making a contract, a drafting lawyer can also be hired, who will transcribe what was expressed by the person who wishes to make the document, giving it a legal context.

Differences between agreements and contracts

You can see the similarity between the two, because both are agreements between two or more people, but have different characteristics when you delve deeper into the subject, some of the differences between contract and agreement are:

1. The agreement is only an agreement between two people that is normally discussed and agreed with some terms described by them, while contracts enter a legal framework.
2. The contracts have a structure equal to that of any written document, bearing a title, development of the subject, among other things, on the other hand the agreements being practically improvised, it is not necessary to apply an order.
3. Non-compliance with a contract can be punished by law causing the application of economic sanctions, better known as fines, and could even deprive of liberty, depending on how serious the case is.
4. The agreements are usually oral agreements, and the contracts, although there are some spoken ones, are usually literal, that is, written documents.
5. Agreements can be made with people of any age or condition, since these do not have parameters to be finalized, on the other hand, since contracts are of a legal nature, they have parameters established by the state, so any participant in a contract must be older of age and be optimal in matters of psychology.
6. The agreements can arise from any event such as an agreement between two children for the loan of a video game, instead the contracts are practiced in labor, sale, among other things.

The differences between agreements and contracts must be taken into account, since being very common in society, a situation that leads to the signing of a contract can be experienced at any time, such as finding a job, or simply agreeing an agreement with a friend, an acquaintance or even a relative.