Plz. let us know what is the difference between agreement and settlement under industrial disputes act, 1947
From India, Mumbai
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Agreement is defined in Contract Act, whereas settlement is defined under ID ACT. Agreement may be verbal or written, while settlement is written
From India, Mumbai
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Every settlement can be a agreement but every agreement cannot be settlement
From India, Rudarpur
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Agreement may or may not have long term impact but every settlement must have long term impact.
From India, Pune
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