agreement (2024)

An agreement is a manifestation of mutual assent by two or more persons to one another.

It is a meeting of the minds in a common intention, and is made through offer and acceptance. An agreement can be shown from words, conduct, and in some cases, even silence.

Agreements are often associated with contracts; however, "agreement" generally has a wider meaning than "contract," "bargain," or "promise. " A contract is a form of an agreement that requires additional elements, such as consideration.

Jurisdictions differ on their use of "agreement" in denoting a legally enforceable contract. For example, the Supreme Court of Washington has stated that a contract is a promise or set of promises which is protected under the law, whereas an agreement is a manifestation of mutual assent which does not necessarily carry legal implications. However, in Pennsylvania, an agreeemnt has been defined as a enforceable contract wherein the parties intend to enter into a binding agreeement. However the agreeement's essential terms need to be certain enough to act as a basis when determining whether there has been a breach.

Additionally, an agreement to agree is not enforceable. In California, the distinction between a final agreement and an agreeement to agree is dependent on the objective intent of the parties. Where an agreement is written, courts will determine the intent of the parties through the plain meaning of the words of the instrument.

In criminal law, the inchoate offense of conspiracy requires an agreement to commit an unlawful act. An agreement in this context does not need to be explicit; rather, a meeting of the minds can rather be inferred from the facts and circ*mstances of the case.

[Last updated in May of 2020 by the Wex Definitions Team]

As an expert in legal concepts and agreements, I have a comprehensive understanding of the principles involved in contract law and related legal terminology. My expertise is rooted in both theoretical knowledge and practical experience, making me well-equipped to delve into the intricacies of the concepts discussed in the provided article.

The article begins by defining an agreement as a manifestation of mutual assent between two or more individuals. This aligns with the fundamental principle of contract law, where a meeting of the minds is crucial for the formation of a valid agreement. The inclusion of offer and acceptance as essential elements mirrors the traditional requirements for the creation of a contract.

The article astutely points out that while agreements are often associated with contracts, the term "agreement" holds a broader meaning than "contract," "bargain," or "promise." This nuanced distinction is essential in understanding the legal landscape, where not all agreements may result in enforceable contracts.

One key aspect introduced is the jurisdictional variability in the use of the term "agreement" concerning legally enforceable contracts. For instance, the Supreme Court of Washington defines a contract as a promise protected under the law, while an agreement is seen as a manifestation of mutual assent without automatic legal implications. Conversely, in Pennsylvania, an agreement is deemed an enforceable contract, emphasizing the importance of clearly defined essential terms for determining breaches.

The article also touches on the crucial concept of consideration, highlighting that a contract, as a specific form of agreement, requires additional elements beyond mutual assent. Consideration, the exchange of something of value, is a key element that distinguishes a contract from a mere agreement.

The distinction between an enforceable agreement and an agreement to agree is highlighted, with the article emphasizing that the essential terms of an agreement must be certain enough to serve as a basis for determining breaches. In California, the determination of a final agreement versus an agreement to agree depends on the objective intent of the parties, especially when the agreement is in writing.

The article extends its scope to criminal law, introducing the concept of conspiracy as an inchoate offense requiring an agreement to commit an unlawful act. Notably, the agreement in this context need not be explicit; it can be inferred from the facts and circ*mstances surrounding the case, emphasizing the importance of understanding intent in legal matters.

In conclusion, the article provides a comprehensive overview of the fundamental concepts related to agreements, contracts, and their legal implications. The nuanced distinctions and jurisdictional variations highlighted underscore the complexity of these legal principles, showcasing the need for a meticulous understanding of the terms and conditions that govern agreements in different contexts.

agreement (2024)

FAQs

What is the definition of an agreement? ›

An agreement is a manifestation of mutual assent by two or more persons to one another. It is a meeting of the minds in a common intention, and is made through offer and acceptance. An agreement can be shown from words, conduct, and in some cases, even silence.

What is a fancy word for agreement? ›

noun as in document of concurrence, contract. Synonyms Antonyms. Strongest matches. approval, arrangement, charter, compromise, covenant, deal, lease, negotiation, pact, protocol, settlement, transaction, understanding.

What is agreement in an example? ›

An agreement is made when two parties agree to something. So, for example, a mother might make an agreement with her son not to kiss him in public because, after kindergarten, well, that's just not cool. If people's opinions are in accord, or match one another, then they are in agreement.

What is the meaning of by agreement? ›

By agreement means actually a complete agreement by both parties. If it is not agreed, it can in fact, with the provisions within the EA, have a veto effect.

What is another word for in agreement? ›

adjectiveas in agreeable, harmonious. coinciding. compatible. concurring. conforming.

What does being in agreement mean? ›

Definitions of in agreement. adjective. united by being of the same opinion. synonyms: agreed united. characterized by unity; being or joined into a single entity.

What is a powerful word for agreement? ›

On this page you'll find 102 synonyms, antonyms, and words related to agreements, such as: reconciliation, accord, compliance, mediation, understanding, and compromise. agreements (noun as in concurrence) Strongest matches. accord arrangement compliance compromise concession mediation reconciliation understanding.

What is another word for an agreement between two people? ›

EDITOR'S NOTE: There are other words designating various types of agreements—such as deal, pact, pledge, settlement, and treaty—but we promised only the A's, B's, and C's. We fulfilled that promise.

What is the legal term for in agreement? ›

A contract is an agreement between parties that can be legally enforced by a court. The formation of a contract requires an offer, acceptance, mutual assent, and consideration. Once a contract is formed, the parties to the contract are bound by its terms.

What does the word agreement mean in the Bible? ›

International Standard Bible Encyclopedia - Agree

a-gre' (sumphoneo, "to be of the same mind," "to come to a mutual understanding"): This is the sense of the word in Matthew 20:2; John 9:22, and other passages.

Is an agreement legally binding? ›

Generally, a contract is a legally binding agreement made between two parties with a common interest in mind. On the other hand, an agreement is a similarly engineered deal between parties but usually does not rise to the same level of legal enforceability as a contract does.

What is a real life example of agreement? ›

An agreement is a promise or arrangement between two or more parties to do, or not do, something. It's usually informal and sometimes unwritten (but not always). Some examples of agreements include a letter of intent, or a confidentiality agreement that precedes a commercial discussion.

What is the full meaning of agreement? ›

the condition of having the same opinion, or a decision or arrangement between two or more people or groups to do something or to obey the same rules: [ C ] a new trade agreement.

What is agreement in one sentence? ›

Any changes to the plan require the agreement of everyone involved. There is wide agreement on this issue. They have been unable to reach agreement about how to achieve reform. I thought we had an agreement.

What refers to an agreement? ›

the act or fact of agreeing, or of being in harmony or accord. 2. an understanding or arrangement between two or more people, countries, etc. 3. a contract.

What are the defining terms of an agreement? ›

Consistent with the phrase, a defined term is a word or term, often capitalized or otherwise distinguished from other text throughout the agreement, that is to be read to include the particular meaning given to it in the agreement.

Is an agreement a contract or not? ›

Key Differences Between Agreement and Contract

A contract is legally binding and enforceable, whereas an agreement may or may not be legally binding. Contracts create legal obligations that must be fulfilled by the parties, while agreements may not create any legal obligations.

What is a contract defined as an agreement? ›

A contract is an agreement between two parties that creates an obligation to perform (or not perform) a particular duty.

What is an agreement between two parties? ›

A contract is an agreement between parties, creating mutual obligations that are enforceable by law.

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