Definition
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.
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Some Rules Were Made to be Broken
Every business is affected by a wide variety of rules. Some of these rules are difficult to change and costly to break, such as laws enacted by government. Other rules are more easily changed or broke ... Read more
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