oboloo

oboloo Glossary

Agreed Between Two Parties

Agreed Between Two Parties Definition

In business, an agreement between two parties is a legally binding contract. It is an understanding between two people or businesses in which both parties agree to do something, or not do something. An agreement can be verbal or written, but it must be clear that both parties understand and agree to the terms of the agreement. If one party does not hold up their end of the agreement, the other party can take legal action to enforce the agreement.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2023 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971