INFORMAL ARRANGEMENT Meaning and
Definition
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An informal arrangement refers to a mutual understanding or agreement made between individuals or parties that is not legally binding or formalized in nature. It is a flexible and unofficial agreement that is often based on trust and personal relationships.
In everyday contexts, informal arrangements are commonly used to address various matters such as business deals, social engagements, or personal matters among friends or acquaintances. They can include agreements on payment terms, work schedules, responsibilities, or even social commitments.
Unlike formal agreements or contracts, informal arrangements lack the legal weight and enforceability that comes with formal documentation. Typically, they rely on verbal communication or simple written notes to outline the agreed-upon terms or conditions. As a result, informal arrangements may be subject to change or renegotiation based on the parties' preferences or evolving circumstances without the need for legal intervention.
Informal arrangements are often preferred for their flexibility, simplicity, and ease of negotiation, allowing parties to customize terms and find mutually beneficial solutions without the rigidity or complexity associated with formal contracts. However, it is important to note that informal agreements may carry certain risks, such as potential misunderstandings, disputes, or the absence of legal remedies if disputes arise.
Overall, informal arrangements provide a means for individuals or parties to establish informal understandings or agreements based on trust, personal relationships, and good faith.
Common Misspellings for INFORMAL ARRANGEMENT
- unformal arrangement
- jnformal arrangement
- knformal arrangement
- onformal arrangement
- 9nformal arrangement
- 8nformal arrangement
- ibformal arrangement
- imformal arrangement
- ijformal arrangement
- ihformal arrangement
- indormal arrangement
- incormal arrangement
- invormal arrangement
- ingormal arrangement
- intormal arrangement
- inrormal arrangement
- infirmal arrangement
- infkrmal arrangement
- inflrmal arrangement
- infprmal arrangement
Etymology of INFORMAL ARRANGEMENT
The word "informal" derives from the Latin word "informalis", which is a combination of the prefix "in-" meaning "not" or "without", and the word "formalis" meaning "formal" or "according to form". The term "arrangement" comes from the Old French word "arengier", meaning "to put in order" or "to set out". The combination of these two terms, "informal arrangement", refers to a non-formal or unofficial agreement or understanding between individuals or parties.
