An Agreement Created by Words Spoken or Written Is Called

When it comes to legal agreements, the words used to create them are crucial. In many cases, the agreement itself is called a contract. However, there are other terms used to describe an agreement created by words spoken or written.

One common term used to describe a legal agreement is “covenant.” A covenant is a binding agreement between two parties that creates an obligation on both sides. Covenants can be found in various types of legal documents, including contracts, deeds, and leases.

Another term often used to describe a legal agreement is “compact.” A compact is a formal agreement between two or more parties that outlines the terms and conditions of the agreement. Compacts are often used in the context of international relations, such as treaties between countries.

Some agreements may also be referred to as “pacts.” A pact is a formal agreement between two or more parties that outlines specific terms and conditions. Pacts can be used in various types of legal situations, including business agreements or contracts.

One of the most commonly used terms to describe a legal agreement is “contract.” A contract is a legally binding agreement between two or more parties that creates an obligation to fulfill specific terms and conditions. Contracts can be used in various types of legal situations, including employment agreements, real estate transactions, and business contracts.

In conclusion, when it comes to legal agreements, the words used to create them are essential. Whether it`s a covenant, compact, pact, or contract, each term reflects a different type of agreement with its unique characteristics. Understanding the terminology used to describe legal agreements can help ensure that you are fully informed and protected when entering into any legal agreement.