Question: Explain the difference between Team Contract and a Project Charter. Among other things include in which process group of a project each is produced...

As per the PMBOK, the project charter, which authorizes the existence of the project and provides the Project Manager with authority to apply organizational resources to project activities, is created during the "Define" or Initiating Process. This process is one of the first ones to be performed in a project and is completed during the "initiating" process domain.