agreement

Definition

An accord reached between two or more parties in which the terms of a transaction or a course of action have been negotiated and documented. An agreement is usually legally enforceable as long as it is negotiated freely between legally competent parties.

Use agreement in a sentence

The agreement was reached between the two parties on the location of the new warehouse to be in South America.

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You should try and make sure that you fully live up to any agreement so that you can continue business in the future.

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My boss excitedly called me from our negotiations to purchase our largest competitor and told me that we had reached an agreement and would proceed with the purchase immediately.

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agreed takeover bid agreement among underwriters