Not all agreements are necessarily contractual, as it is generally to be considered that the parties intend to be legally bound. A „gentlemen`s agreement“ is an agreement that is not legally applicable and must be „only honorably binding“.    The terms „agreement“ and „contract“ are used synonymously, but legally they are two different things. An agreement is simply an agreement or agreement between two or more parties. A contract is a specific agreement, with conditions applicable by way of justice. There is no particular format to follow by a contract. Generally speaking, it contains certain explicit or tacit terms that form the basis of the agreement. These conditions may contain contractual conditions or contractual guarantees. Ken came to LegalMatch in January 2002. .