Contracts vs. Agreements

Kuva Margit Mannila

Contracts vs. Agreements

Many people use the terms contract and agreement interchangeably, but they are not precisely the same thing. Black's Law Dictionary defines an agreement as "a mutual understanding between...parties about their relative rights and responsibilities." It defines a contract as "An agreement between...parties creating obligations that are enforceable."  (The basicks of business and agreements. 1.2.2019)
Take a alook agreement and also contract

Laki varallisuusoikeudellisista oikeustoimista 228/1929. Finlex. (1.2.2019). 

Contracts Act 228/1929 English translation 


law of property -varallisuusoikeus 

  legal act, act in law, legal transaction, juridical act, judicial act

What you need to write?

It is said that a contract is a legally-binging agreement which recognises and governs the rights and duties of the contracting parties to the agreement.(take a look eg.Fergus 2006, 1.). 

 Who are contactors/contracting party/parties.

Kestoaika) duration, length [of time], (tietty ajanjakso) term, (jatkuminen) continuance, (kestoikä) lifetime, if fixed term; regular, periodic; held at regular intervals (määräaikainen)
or non-fixed-term (toistaiseksi voimassa oleva)
By/according (name of country) law; "de jure"
Date, place and singnatures;
personal signature, signature by one's own hand, holographic signature (omakätinen allekirjoitus)


Asianajotoimisto Jurentia. Contract law and liability. (13.2.2019).

Business Dictionary Contract law. (13.2.2019).

Ryan, Fergus (2006). Round Hall nutshells contract Law. Thomson Round Hall. (13.2.2019).