Header Border

ঢাকা, মঙ্গলবার, ২৭শে ফেব্রুয়ারি, ২০২৪ খ্রিস্টাব্দ | ১৪ই ফাল্গুন, ১৪৩০ বঙ্গাব্দ (বসন্তকাল)
/

Definition of Agreement as per Law

Agreement, as per law, is a binding contract between two or more parties that outlines terms and conditions of a transaction or exchange. It is a crucial legal document that sets forth the rules and expectations for all parties involved and helps to prevent misunderstandings and disputes.

An agreement can be verbal or written, but it is always important to have a written agreement in place to avoid any confusion in the future. It is also essential to ensure that all parties have agreed to the same terms and conditions before signing the agreement.

The basic elements of an agreement include an offer, acceptance, and consideration. An offer is a proposal made by one party to another, while acceptance is the agreement to the terms and conditions of the offer. Consideration refers to the exchange of something valuable, such as money or services, between the parties.

In addition to the basic elements, an agreement may include clauses and provisions that address specific issues or circumstances. For example, a sales agreement may include a warranty clause that outlines the conditions under which the product can be returned or replaced.

It is crucial to ensure that an agreement is legally binding and enforceable. To achieve this, the agreement must meet certain criteria, such as being made by parties who have the legal capacity to enter into a contract, having a lawful purpose, and being free from coercion or undue influence.

In case of a breach of agreement, the aggrieved party can seek legal remedies, such as damages or specific performance. However, it is always advisable to try to resolve any disputes through negotiation or mediation before resorting to legal action.

In conclusion, an agreement, as per law, is a legal contract that outlines the terms and conditions of a transaction or exchange between two or more parties. It is essential to have a written agreement in place to prevent misunderstandings and disputes. To ensure that it is legally binding and enforceable, the agreement must meet certain criteria, and all parties must agree to the same terms and conditions before signing it.

প্রিয় পোষ্ট সর্বশেষ খবর পেতে গুগল নিউজ (Google News) ফিডটি অনুসরণ করুন


আপনার মতামত লিখুন :

আরও পড়ুন
Interest Rate Cap Agreement
Agreement Mcq Questions
Rebate Agreement Investopedia
The Predators Contract Marriage Chapter 1
Perbendaharaan Malaysia Contract for Service
Examples of Subject Verb Agreement Sentences
উপদেষ্টা মন্ডলীর সভাপতি: ডঃ মোঃ মোয়াজ্জেম হোসেন, উপদেষ্টা সম্পাদক: অধ্যাপক মোঃ আবুল কালাম, প্রধান সম্পাদক: রোটাঃ মোঃ জাহাঙ্গীর আলম হৃদয় সম্পাদক ও প্রকাশক: ইঞ্জিঃ মোঃ ইমতিয়াজ সিদ্দিকী তোহা।
কার্যালয়: গ্রীন রোড, কাঁঠাল বাগান, ঢাকা ।