An agreement is a mutual understanding or accord between two or more parties regarding their responsibilities and obligations, often arrived at through an offer and acceptance
. While the terms agreement and contract are often used interchangeably, an agreement is not always legally binding unless it contains elements that make it so
. Different types of agreements include:
- General agreements Agreements involve a "meeting of the minds" and common intentions, often serving as precursors to legally enforceable contracts
- Contractual agreements An agreement becomes a contract when it fulfills specific requirements such as an offer, acceptance, awareness, consideration, capacity, and legality, making it legally enforceable
- Informal agreements Agreements can be informal and may lack legal enforceability, differing from contracts that require elements like consideration and legality to be valid
- Agreements in criminal law In criminal law, an agreement can refer to conspiring to commit an unlawful act, inferred from the case's facts and circumstances
- Linguistic agreements In linguistics, agreement or concord happens when a word changes form based on the words to which it relates, such as subject-verb agreement