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hello my name is David Malan Im from the California Institute of Technology and Id like to talk to you for a few minutes about as fairly frequently which is what is the difference between a grant and a contract and there are really two ways of approaching this the answer to this question one is the legal definition and the other one is the federal definition and they arent mutually exclusive and in some cases they overlap but really you need to figure out what what are you looking for before you can answer the question so for example from a legal point of view if you have a document that includes an exchange of something of value an agreement that exchanges something of value the parties are competent several other characteristics that are based in law then you have a legally enforceable contract that has nothing to do with whether its a grant or a contract it has to do with whether its legally enforceable and legally considered a contract so it get that has those characteristics