This paper focuses on the epistemic significance of disagreement for a specific kind of contractualist (not contractarian) moral theory. I argue that a purely hypothetical version of contractualism excludes a prima facie attractive conciliationist view of disagreement simply because of the way it constructs the moral point of view. There is no room, in such an approach, for rational, hypothetical peer disagreement within the monological deliberative procedure itself. Attempts to supplement this monological procedure with a kind of post hoc appeal to actual disagreement undermine the basic rationale for adopting a hypothetical approach in the first place. An actual agreement approach to contractualism, by contrast, is well-positioned to take disagreement seriously. For such an approach, moral disagreement signals a failure to fully validate or constitute a binding norm, one that may produce – rather than merely result from – genuine moral indeterminacy. Furthermore, as each of our positions within contractualist discourse reflects a defeasible conviction about what could be the subject of genuine, intersubjective agreement among all affected, when we encounter disagreement that is not subject to clear defeaters, we do indeed have grounds to think our convictions may be mistaken, or that we must modify our credences in ways that reflect the risks we consciously run in defending and acting on convictions that do not enjoy justificatory completion.