Written Agreement Between Two Parties Definition

In a written agreement between two parties, each party agrees to certain terms and conditions that are outlined in the document. This type of agreement is often used in business transactions, where each party wants to ensure that their rights and obligations are clearly defined. The written agreement should spell out all of the details of the transaction, including any deadlines, payment terms, and other important information. By having a written agreement, both parties can avoid misunderstandings and potential legal problems down the road.