WRITTEN AGREEMENT Meaning and
Definition
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A written agreement refers to a formal, legally binding document that records and establishes an understanding or contract between two or more parties. It is a written expression of the terms, conditions, rights, and obligations agreed upon by the involved parties. Typically, written agreements are used in various settings such as business transactions, contracts, leases, employment agreements, partnerships, and legal settlements.
The purpose of a written agreement is to ensure clarity, protection, and enforceability of the agreed-upon terms. It specifies the details of the agreement, including but not limited to the parties involved, their roles and responsibilities, the agreed-upon actions, timeline, payment terms, and any provisions for liability, termination, or dispute resolution. By documenting the terms in writing, all parties have a clear understanding of their rights and obligations. It serves as evidence of the agreed-upon terms and can be referred to in case of disputes or misunderstandings.
To be considered a valid written agreement, it generally requires the signatures or acceptance of all parties involved. These signatures signify the parties' consent and intention to be bound by the agreement. In some cases, depending on the jurisdiction and the subject matter, additional elements such as witnessing or notarization may be required for the agreement to hold legal weight. Overall, a written agreement plays a crucial role in facilitating and governing various interactions and transactions, ensuring that all parties are on the same page while promoting transparency, accountability, and legal enforceability.
Common Misspellings for WRITTEN AGREEMENT
- qritten agreement
- aritten agreement
- sritten agreement
- eritten agreement
- 3ritten agreement
- 2ritten agreement
- weitten agreement
- wditten agreement
- wfitten agreement
- wtitten agreement
- w5itten agreement
- w4itten agreement
- wrutten agreement
- wrjtten agreement
- wrktten agreement
- wrotten agreement
- wr9tten agreement
- wr8tten agreement
- wrirten agreement
Etymology of WRITTEN AGREEMENT
The word "written" comes from the Old English word "writan", which means to write or to scratch or carve letters or words onto a surface. It is derived from the Proto-Germanic word "writanan", meaning to cut stones or carve letters. The word "agreement" traces back to the Latin word "agreementum", which comes from "agreementus", meaning to make an arrangement or come to a mutual understanding. So, when combined, "written agreement" refers to a formal understanding or arrangement that is documented in writing.
Similar spelling words for WRITTEN AGREEMENT
