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So, Let's discuss the kinds of agreements one by one;Valid Agreement. A valid agreement has been defined under section 2 (h) of the Indian Contract Act, i.e. contract.Void Agreement.Voidable Agreement.Express and Implied Agreement.Domestic Agreement.Unenforceable or Illegal Agreement.
A business partnership agreement, also known as a partnership contract or articles of partnership, is a legally binding document that determines the roles and responsibilities between two individuals or entities acting as business partners.
A legal business contract between two parties is a promise made by one party to another. A contract is often called an agreement. Each party in the agreement expects the other to keep their promise in the contract.
Types of contractsFixed-price contract.Cost-reimbursement contract.Cost-plus contract.Time and materials contract.Unit price contract.Bilateral contract.Unilateral contract.Implied contract.More items...?
Pact. noun. an agreement between two or more people or organizations in which they promise to do something.