AGREEMENT

AGREEMENT Once when offer has been accepted, both offer and acceptance change their character and become an agreement. This is the situation whereby an offer made by one person is accepted by the person to whom the offer is made.
Therefore, agreement comes into existence only when one party makes a proposal to the other party and that other party implies his acceptance.
Agreement is not a contract An agreement is called a contract only when it is enforceable by law. All agreements do not need a legally enforceable and on that we can say an agreement has a much wider scope than a contract. An agreement does not necessarily imply a legal obligation on the parties to the agreement.
see more: AGREEMENT.pdf