Agreements

An agreement is a mutual understanding or arrangement between two or more parties that outlines their respective rights, responsibilities, and expectations.

Agreements can be either written or verbal, although written agreements are preferred as they provide clear documentation of the terms involved.

 They are commonly used in both personal and professional settings—ranging from simple promises to complex legal contracts.

A well-structured agreement helps to prevent misunderstandings, ensures accountability, and provides a framework for resolving disputes, should they arise. Essential elements of a valid agreement typically include an offer, acceptance, consideration (something of value exchanged), and mutual intent to enter into a binding arrangement.