Definition

Noun: A formal, legally binding document that records the terms and conditions agreed upon by two or more parties. It serves as tangible proof of the agreement's details and the commitments of each signatory.

Usage

A "written agreement" is used to formalize an understanding, making it clear, enforceable, and less susceptible to disputes or misunderstandings. It is a standard practice in business, employment, real estate, and personal transactions. - It is typically signed and dated by all involved parties. - It is distinct from a verbal or informal agreement.

Examples

Advanced Usage

• "To enter into a written agreement": To formally become a party to a contract.
  • Both companies entered into a written agreement to jointly develop the new technology.
• "To be bound by a written agreement": To be legally obligated to follow the terms of the contract.
  • By signing the lease, you are bound by the written agreement for one year.

Variants and Related Words

• Contract (n): A specific type of written agreement that is legally enforceable and often involves an exchange of value (e.g., money for services). All contracts are written agreements, but not all written agreements are formal contracts.
• Deed (n): A written agreement, often a legal document, used to transfer ownership of real estate.
• Covenant (n): A formal and binding written agreement, often with a solemn promise.

Synonyms

• Contract: A formal written or spoken agreement.
• Compact: A formal agreement or contract between parties.
• Accord: An official agreement or treaty.

Related Phrases

• Letter of agreement: A less formal type of written agreement, often in the form of a letter outlining the key terms.
• Written contract: A synonym emphasizing the legally binding nature of the document.

Notes

• A "written agreement" is crucial for legal clarity. In many jurisdictions, certain types of agreements (e.g., real estate sales, contracts that cannot be performed within one year) are required by law to be in writing to be enforceable.

Noun

1. a legal document summarizing the agreement between parties