Agreements, according to Merriam-Webster’s Dictionary, are an arrangement as to a course of action. This is a legally binding contract that protects both parties from mishaps and misunderstandings. This document includes terms and conditions that each party must follow to build peace and maintain harmony.
One concrete example of an agreement is a release agreement; this is a legal document that states that one party is free of any liability after an incident that caused harm to the other party. This is claim protection that gives settlement to both parties involved. A release agreement also acts as consent that the party at fault will not be undergoing any legal process or any other consequence. This allows both parties to divide on a mutual decision and avoid any unforeseen reactions.
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