No.
"We'll" and "won't" are contractions.
Other contractions: it's, you're, I've.
Contractions leave letters out -- and occasionally, as "won't," change the spelling.
we'll = we will
won't = will not
WE'LL, WON'T... WHAT IS THE PROPER PHRASE FOR THESE WORDS? IS IT A COMPOUND WORD?
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