answersLogoWhite

0

Generally speaking, an agreement in principle precedes a contract. The contract is enforceable but the agreement is not.

User Avatar

Wiki User

10y ago

What else can I help you with?

Related Questions

what are Difference between a contract and an agreement?

a contract is LEGALLY BINDING, an agreement is not necessarily legally binding depending on the circumstances


Is a legally-binding agreement between two or more parties.?

A contract is a legally binding agreement between two or more parties.


What is another name for the contract of agreement?

A Legally Binding Agreement.


Is off the record legally binding?

No, information that is "off the record" is not legally binding. It is an agreement between the parties involved, but it does not hold the same weight as a legally binding contract.


A is a legallybinding agreement between two or more partie?

A contract is a legally binding agreement between two or more parties.


What statement is true of an executive agreement?

It is not legally binding


What do you meant by contract?

A contract is a legally binding agreement.


Is a text agreement legally binding?

Yes, a text agreement can be legally binding if it meets the requirements for a valid contract, such as offer, acceptance, consideration, and intention to create legal relations.


How binding is a purchase agreement?

Contracts are legally binding on both parties to them.


What is an agreement in principle?

An agreement in principle is a legally enforceable agreement between parties which identifies the fundamental terms which are intended to be or are agreed upon.


Is a commitment legally binding agreement between the government and a contractor?

False


What can I do to cement an agreement between two parties and make it legally binding?

You can draft a contract that states the terms of sub-letting the office space, and get both parties to sign it. This will make the agreement legally binding.