J.Gopi Krishna
Agm Hr & Ir

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