John entered Allen`s car and damaged it. John has an obligation to pay for the damages, but he doesn`t have the money now. While Allen could sue John for damages on his car, he reached an agreement with John to give him 90 days to pay the full $1,500, plus an additional $250 for the inconvenience. The agreement states that Allen will not sue for 90 days, but is free to do so after that period. This agreement, or “treaty,” offers respect for both parties: Ronald Reagan approved the agreement and the USTR reviewed Korean practices until the end of his term. Management indicated that an agreement had been reached with the unions. These examples are automatically selected from different online sources of information to reflect the current use of the word “agreement.” The opinions expressed in the examples do not reflect the views of Merriam-Webster or its publishers. Send us comments. Rank popularity for the word “agreement” in Spoken Corpus Frequency: #718 The Unity Government Agreement is precise, fair and fair. This is the eternal agreement, but an agreement whose terms we find difficult to accept. Britannica.com: Encyclopedia Article on the agreement considering it is the benefit that each party gets or expects if it has a contract. Reflection is often monetary, but it can be a promise to do a particular action, or a promise to do nothing.

For a contract or agreement to be legally binding, each contracting party must receive some kind of consideration. In other words, a contract is a two-lane road, so each party must receive something of value from the other party or party. Illegal or immoral acts are not considered a consideration in law. The state of consent Harmony of opinion, statement, action or character; Consent Concord; Compliance given that there is good agreement among the members of the Council The Committee has finally reached agreement on two important issues. Finally, over the past four years, he and his representatives have cancelled or denounced dozens of other international environmental regulations, practices and agreements. For obvious reasons, the conclusion of such an agreement would have required the presence and signature of both candidates. Such an agreement currently exists for an influenza pandemic, Phelan notes, but not for any other type of disease or vaccine. He advised her to be careful and ask for a copy of the agreement.