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in a contract you are legally bound by it and a promise is something u just make someone. so if u break your contract you could go to jail but if u break a promise you might lose a friend or who ever you made that promise with.

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What are the differences between future and option contract?

There's one main difference and it's huge: An option contract gives the person who buys it the privilege of doing whatever it is the contract is written for. A futures contract imposes an obligation on the buyer. There are also liquidity requirements and requirements to pay performance bonds in futures trading that don't exist in options trading, but the real basic difference is that an options buyer can do something and a futures trader has to.


What is the main difference between a defined benefit plan and a definded contribution plan?

The main difference between a defined benefit plan and a defined contribution plan lies in how retirement benefits are determined and funded. In a defined benefit plan, the employer guarantees a specific retirement benefit amount based on factors like salary history and years of service, making it the employer's responsibility to ensure sufficient funding. In contrast, a defined contribution plan, such as a 401(k), involves contributions made by the employee and sometimes the employer, with the final benefit depending on investment performance, placing the investment risk on the employee.


4 Difference between c program and vhdl program?

There are 4 main differences between C programming and VHDL programming. C is a mid-level language, while VHDL is a hardware description language. C can handle one type of instruction, while VHDL can handle two. C does not require as much resource usage as VHDL. C can be written only with logical thinking, but a VHDL programmer must understand hardware circuits.


What is the difference between metric calipers and bow calipers?

Metric calipers are designed to measure dimensions in metric units (millimeters and centimeters), featuring a scale that reflects the metric system. Bow calipers, on the other hand, are a type of caliper that has a bow-shaped frame, typically used for measuring external dimensions or the distance between two points. Unlike metric calipers, bow calipers can come in various measuring systems, including imperial, and are often used in woodworking and metalworking applications for rough measurements. The main distinction lies in their shape and intended use rather than the measurement system alone.


What is difference between system call and signal?

In one sense they are the same, because they are both "signals". However, system call occurs naturally within the design of a hardware system, such a timer pop or some other event arising from the hardware, often on a predictable basis, but also related to asynchronous I/O. A "signal" could be that or any other source of an interrupt or status information that a program interprets for purposes of making some decision. For instance, a signal could indicate that some loop has reached its limit, returning control to the main program by popping the stack and restoring the program status as before.

Related Questions

What's the difference between a covenant and a contract?

A covenant is a solemn agreement or promise, often with a spiritual or moral significance, while a contract is a legally binding agreement between parties that outlines specific terms and conditions. The main difference is that covenants are typically based on trust and mutual understanding, while contracts are more focused on legal obligations and enforcement.


Distinguish between void and illegal contracts?

The main difference between a void contract and an illegal contract is that a void contract is no longer valid. It's lost its authenticity. An illegal contract is a contract that is not legal in the name of law. Therefore, it is not relevant.


Difference between Licensing and contract manufacturing?

The main difference between licensing and contract manufacturing is the cost of doing business. Licensing manufacturing will require an agreement much like a franchise. The main entity supplies most of the products to conduct business. In contract manufacturing, the cost of materials is with the maker making it higher cost.


What is the main difference between dispensation and a Covenant?

Simply put I think the covenant is an agreement or promise between two or more parties and a dispensation is the carrying out or management of that agreement


What is the difference between polyethylene and polyester?

what is the main difference between polyethylene and polyesters what is the main difference between polyethylene and polyesters


What is a shoulder agreement?

A shoulder agreement is a side deal made outside of the main contract between parties involved in the main contract. It is usually kept secret and may involve additional terms or conditions that are not disclosed in the main contract. Shoulder agreements can create legal complications and raise ethical concerns due to their secretive nature.


What is the main difference between the two products?

The main difference between the two products is their ingredients.


What is the main difference between animation and simulation?

There is no difference.


What is the difference between sale and barter exchange?

the main distinction between sale&agency contract?


What is the difference between a breach of warranty and a breach of a condition?

A warranty is less important than a condition and does not impact on the main purpose of the contract. A breach of a warranty entitles the injured party to claim for damages ONLY. They may not repudiate the contract. A condition is a major term that goes to the root of the contract. Such term is essentials to the main purpose of the contract and therefore the injured party is entitled to repudiate the contract as well as make a claim for damages.


What is the main difference between compaction and consolidation?

difference between campaction and consolition


What is a Collateral Contract?

A collateral contract is a contract which assigns the rights and/or obligations of an existing contract to a third party. Due to the doctrine of "privacy of contract" only those parties mentioned in a contract have rights and obligations and it is illegal to assign these rights and obligations to third parties without the consent of the other parties to the main contract. Collateral contracts overcome the privacy of contract doctrine. Collateral contracts are used in the construction industry to make a direct contractual relationship between clients and sub-contractors. In the collateral contract the client will promise to pay the sub-contractor for the works that the main contractor promised the client to undertake. This collateral contract comes in handy when the main contractor goes insolvent or has late payments or, more importantly, when the subcontractor's performance is substandard.