Contract vs Obligation - What's the difference?
contract | obligation |
An agreement between two or more parties, to perform a specific job or work order, often temporary or of fixed duration and usually governed by a written agreement.
* {{quote-magazine, date=2013-08-10, volume=408, issue=8848, magazine=(The Economist), author=Lexington
, title= (legal) An agreement which the law will enforce in some way. A legally binding contract must contain at least one promise, i.e., a commitment or offer, by an offeror to and accepted by an offeree to do something in the future. A contract is thus executory rather than executed.
(legal) A part of legal studies dealing with laws and jurisdiction related to contracts.
(informal) An order, usually given to a hired assassin, to kill someone.
(bridge) The declarer's undertaking to win the number of tricks bid with a stated suit as trump.
(obsolete) Contracted; affianced; betrothed.
(obsolete) Not abstract; concrete.
* Robert Recorde, , 1557:
(ambitransitive) To draw together or nearer; to shorten, narrow, or lessen.
* Wordsworth
* Dr. H. More
(grammar) To shorten by omitting a letter or letters or by reducing two or more vowels or syllables to one.
To enter into a contract with. (rfex)
To enter into, with mutual obligations; to make a bargain or covenant for.
* Hakluyt
* Strype
To make an agreement or contract; to covenant; to agree; to bargain.
To bring on; to incur; to acquire.
* Alexander Pope
* Jonathan Swift
To gain or acquire (an illness).
* 1999 , Davidson C. Umeh, Protect Your Life: A Health Handbook for Law Enforcement Professionals (page 69)
To draw together so as to wrinkle; to knit.
* Shakespeare
To betroth; to affiance.
* Shakespeare
The act of binding oneself by a social, legal, or moral tie to someone.
A social, legal, or moral requirement, duty, contract, or promise that compels someone to follow or avoid a particular course of action.
A course of action imposed by society, law, or conscience by which someone is bound or restricted.
(legal) A legal agreement stipulating a specified payment or action; the document containing such agreement.
* 1668 December 19, , “Mr.'' Alexander Seaton ''contra'' Menzies” in ''The Deci?ions of the Lords of Council & Se??ion I (Edinburgh, 1683),
In lang=en terms the difference between contract and obligation
is that contract is a part of legal studies dealing with laws and jurisdiction related to contracts while obligation is a legal agreement stipulating a specified payment or action; the document containing such agreement.As nouns the difference between contract and obligation
is that contract is an agreement between two or more parties, to perform a specific job or work order, often temporary or of fixed duration and usually governed by a written agreement while obligation is the act of binding oneself by a social, legal, or moral tie to someone.As an adjective contract
is contracted; affianced; betrothed.As a verb contract
is to draw together or nearer; to shorten, narrow, or lessen.contract
English
(wikipedia contract)Etymology 1
From (etyl), from (etyl) contract, from (etyl) contractum, past participle of .Noun
(en noun)Keeping the mighty honest, passage=British journalists shun complete respectability, feeling a duty to be ready to savage the mighty, or rummage through their bins. Elsewhere in Europe, government contracts and subsidies ensure that press barons will only defy the mighty so far.}}
Hypernyms
* (agreement that is legally binding) agreementHyponyms
* (agreement that is legally binding) bailmentDerived terms
* contractual * fixed-term contract * contract of employmentAdjective
(-)- (Shakespeare)
- But now in eche kinde of these, there are certaine nombers named Ab?tracte'': and other called nombers ''Contracte .
Etymology 2
From (etyl), from (etyl) contracter, from (etyl) contractum, past participle of . the verb developed after the noun, and originally meant only "draw together"; the sense "make a contract with" developed later.Verb
(en verb)- The snail's body contracted into its shell.
- to contract one's sphere of action
- Years contracting to a moment.
- In all things desuetude doth contract and narrow our faculties.
- The word "cannot" is often contracted into "can't".
- We have contracted an inviolable amity, peace, and league with the aforesaid queen.
- Many persons prohibited by law.
- to contract for carrying the mail
- She contracted the habit of smoking in her teens.
- to contract a debt
- Each from each contract new strength and light.
- Such behaviour we contract by having much conversed with persons of high stature.
- An officer contracted hepatitis B and died after handling the blood-soaked clothing of a homicide victim
- Thou didst contract and purse thy brow.
- The truth is, she and I, long since contracted , / Are now so sure, that nothing can dissolve us.
Synonyms
* (lessen) abate, decrease, lessen, reduce * (shorten) shorten, shrink * catch, getAntonyms
* (lessen) increase, expand * (shorten) grow, lengthenobligation
English
(wikipedia obligation)Noun
(en noun)- X shall be entitled to subcontract its obligation to provide the Support Services. <
>
page 575
- The Pupil after his Pupillarity, had granted a Di?charge to one of the Co-tutors, which did extingui?h the whole Debt of that Co-tutor, and con?equently of all the re?t, they being all correi debendi , lyable by one individual Obligation , which cannot be Di?charged as to one, and ?tand as to all the re?t.