Q&A: difference between a contract and an agreement?

Question by 1Joe Doe: difference between a contract and an agreement?
can anyone tell me in simple terms , What is the difference between a contract and an agreement ? can both be written on paper and signed … or is a agreement a contract , is there no difference …
I’m thinking arrangement between the parties might be a better term

Best answer:

Answer by odone
well it can depend on the specifics but they are pretty much the same thing, a contract is an agreement and vice versa

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