agree·ment n
1 a: the act or fact of agreeing
by mutual agreement
b: unity of opinion, understanding, or intent; esp: the mutual assent of contracting parties to the same terms
if they reach agreement
◇ Under common law, agreement is a necessary element of a valid contract. Under Uniform Commercial Code section 1-201(3), agreement is the bargain of the contracting parties as represented explicitly by their language or implicitly by other circumstances (as a course of dealings).
2 a: an expression (as a settlement, covenant, or contract) of the intent or willingness of two or more parties to bind at least one to terms usu. determined by negotiation
an agreement must be sufficiently definite before a court can enforce it — J. D. Calamari and J. M. Perillo
b: the language or instrument embodying such an expression
signed the agreement
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.