agreement amount vs contract amount

Both 'agreement amount' and 'contract amount' are correct phrases, but they are used in slightly different contexts. 'Agreement amount' refers to the total amount agreed upon by parties in a contract, while 'contract amount' specifically denotes the total monetary value specified in a contract. The choice between the two depends on the specific context and emphasis needed.

Last updated: April 15, 2024 • 59 views

This phrase is correct and commonly used in the context of contracts to refer to the total amount agreed upon by parties.

"agreement amount"

The term 'agreement amount' is used to describe the total sum that has been mutually accepted by the parties involved in a contract or agreement.

Examples:

The agreement amount for the project is $100,000.
The agreement amount for the lease is $2,000 per month.

Show examples from the web [+]

Mar 2, 2023 ... The amount released does not exceed the agreement amount limit - It is equal. The issue is happening for all the contract agreements that are ...
Sep 29, 2015 ... The service agreement amount (of Rs.1.50) is usually non-enforceable since it is an "agreement in restraint of trade".
Mar 25, 2015 ... Error:Total released amount must be less than agreement amount limit Agreement amount: 2500 Released amount: 1500 (This is the amount with ...
Oct 13, 2023 ... The financial information you provide may result in a reduction, an increase, or no change to your monthly installment agreement amount.
You also can complete Form CPP-1, Payment Installment Plan Request, to request a payment installment plan. If the payment agreement amount that you are applying ...

Alternatives:

contract value
settlement amount
negotiated sum
deal amount
arrangement total

This phrase is correct and commonly used to refer to the total monetary value specified in a contract.

"contract amount"

'Contract amount' is used to indicate the total sum of money that is outlined in a contract or agreement.

Examples:

The contract amount for the construction project is $500,000.
The contract amount for the services rendered is $10,000.

Show examples from the web [+]

Define The contract amount. means the amount of money to be charged in respect of the individual contract for time and materials only and is specified in ...
How can we reduce the full "Agreed" contract amount when me and my client are agreed on reducing the payment? We agreed on 2155 USD at the begining, but we ...
Feb 16, 2023 ... Calculate new contract amount when change order is approved. ... I need a formula that will calculate 'New Contract Total' (Original Contract + ...
Bond required—Conditions—Retention of contract amount in lieu of bond. ... (iii) Pay the taxes, increases, and penalties incurred on the project under Titles 50, ...
Enter the difference between the contract amount and the redetermination proposal amount. When this result is negative, place the amount in parentheses ...

Alternatives:

agreed sum
deal value
settlement value
negotiated amount
arrangement sum

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agreement amount vs contract amount