Agreement

Definition - Noun
1 a  : the act or fact of agreeing <by mutual ~>
b  : unity of opinion, understanding, or intent
esp
: the mutual assent of contracting parties to the same terms <if they reach ~>
Under common law, agreement is a necessary element of a valid contract. Under Uniform Commercial Code section 1-201(3), agreement is the bargain of the contracting parties as represented explicitly by their language or implicitly by other circumstances (as a course of dealings).
2 a  : an expression (as a settlement, covenant, or contract) of the intent or willingness of two or more parties to bind at least one to terms usu. determined by negotiation <an ~ must be sufficiently definite before a court can enforce it ­J. D. Calamari and J. M. Perillo>
b  : the language or instrument embodying such an expression <signed the ~>



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Based on Merriam-Webster's Dictionary of Law ©2001.
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