A negotiated and usually legally enforceable understanding between two or more legally competent parties.
Although a binding contract can (and often does) result from an agreement, an agreement typically documents the give-and-take of a negotiated settlement and a contract specifies the minimum acceptable standard of performance.
Use agreement in a sentence
The team and the player came to an agreement and that made everyone happy because they all got what they wanted out of the deal.
You must sign an agreement when you enter into a deal and not break it or your reputation will be damaged.
When David and Jason were starting the company, they first came to an agreement about how much they were investing and how profits would be split up.