What is it?
An Agreement is an understanding between two or more parties in which they state a common understanding and intention regarding past or future intentions or facts, sometimes with a view to altering performance, rights, and obligations. The terms Agreement and Contract are sometimes used interchangeably, however an Agreement may not be legally enforceable unless it contains all of the elements of a legal Contract so the terms are not truly synonymous.
Why is it important?
It is important to understand that an informal Agreement does not constitute a Contract, and offers minimal or no legal protections for the university.
Where do I find more information?
For more information, email ProcurementServices@carleton.ca.