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Same Basic Meaning; Subtle Differences. An appendix (plural=appendices) is a collection of supplementary material, usually at the end of a contract (or, in the literary world, books). An exhibit is a supplement to either a contract or, more often, a brief or other submission to a court.
Informal Contracts. An informal contract, sometimes called a parol contract, is one that does not require a record and does not have to be signed, like ordering pork-fried rice at your favorite Chinese delivery restaurant.he distinct difference between a formal contract and an informal contract is its enforceability in a court. An enforceable contract is one that contains certain elements, like offer, acceptance, and consideration, and is in written form.