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CONTRACT DEFINITION: It is an Agreement between Two or more parties having Consideration CONTRACT and is enforceable by law is called a AGREEMENT Promise/s to do something or not to do something by parties is called an AGREEMENT CONSIDERATION It is a reciprocal of things promise/s is called or a exchange consideration Hence all agreements are not a contract but all contract are agreements. Enforceable by Law means that it should be a legal agreement and contract LEGALLY ENFORCEAB
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  CONTRACT DEFINITION:It is anAgreementbetween Two or more parties havingConsiderationand isenforceable by law is called aCONTRACT  AGREEMENT Promise/s to do something or not todo something by parties is called anAGREEMENT  CONSIDERATION It is a reciprocal promise/s orexchange of things is called aconsideration  Hence all agreements are not a contract but all contract are agreements. Enforceable by Law means that itshould be a legal agreement and contract
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