When it comes to legal documents, there are often several terms that can be confusing, especially when they are used interchangeably. Two of the most commonly misunderstood terms in the legal world are “contract” and “agreement”. Although these terms may seem almost identical, there are some significant differences between the two. In this article, we will explore the difference between contract and agreement in Hindi.
An agreement, or “samanjasya” in Hindi, is a verbal or written understanding between two or more parties. It does not always have to be legally binding, but it can be if certain conditions are met. In an agreement, both parties usually exchange something of value, such as goods, services, or money. There is no set format for an agreement, and it can be as simple or as complex as the parties involved desire.
On the other hand, a contract, or “aakhiri samjhauta” in Hindi, is a legally binding agreement between two or more parties that contains specific terms and conditions that must be fulfilled. In a contract, there is a clear intention to create a legally binding relationship between the parties involved. Unlike an agreement, a contract must meet certain legal requirements to be valid, such as the presence of an offer, acceptance of the offer, and consideration (something of value exchanged between the parties).
Another significant difference between an agreement and a contract is the level of specificity. An agreement is often less detailed than a contract and may only include the main points of the agreement, while a contract is often more detailed and includes specific terms, conditions, and obligations that each party must fulfill.
Furthermore, a contract may be enforceable by law, meaning that if one party fails to fulfill their obligations, the other party may seek legal remedies such as damages or specific performance. An agreement, on the other hand, may not be enforceable by law, but it can still be used as evidence in court to prove that a verbal or written agreement existed between the parties.
In summary, the main difference between a contract and an agreement in Hindi is that a contract is a legally binding agreement that must meet certain legal requirements, while an agreement is a verbal or written understanding between two or more parties that may or may not be legally binding. While both terms may seem interchangeable, it is essential to understand the unique differences between them, as they can have significant implications for the parties involved.