agreement
Definition
Meeting of minds (or an evidence of mutual accord or understanding) between two or more legally competent parties, about their relative duties and rights regarding current or future performance. 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.
Mentioned in these definitions
Mentioned in these terms
Popular 'Agreements & Contracts' Terms
agreement in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/agreement.html
