An agreement is a mutual understanding, usually in written or verbal form, between two or more parties. It is a legally binding contract that outlines rights, responsibilities, and obligations. Agreements can be formal or informal, covering various subjects such as business deals, employment terms, or personal matters. They help establish terms and conditions that all parties involved must adhere to and provide a framework for resolving disputes. Agreements ensure clarity and prevent misunderstandings, allowing parties to work together towards a common goal. They create a sense of trust, cooperation, and accountability, fostering successful relationships and outcomes.