An initial agreement is a contract between two or more parties that sets the terms and conditions of a new relationship between them. The contract states who the contract parties are, what obligations they each agree to take on, and when the contract period will begin. By drawing and signing an initial agreement, the contract parties can successfully enter into a legally-binding agreement that unites them toward a common goal.
The purpose of the initial agreement is to set the legal framework that governs the relationship between contract parties. This ensures that the relationship is legally enforceable and that if the contract is breeched, legal recourse can be pursued against the offending party.
Lawyers with backgrounds working on initial agreements work with clients to help. Do you need help with an initial agreement?
Post a project in ContractsCounsel's marketplace to get free bids from lawyers to draft, review, or negotiate initial agreements. All lawyers are vetted by our team and peer reviewed by our customers for you to explore before hiring.
ContractsCounsel is not a law firm, and this post should not be considered and does not contain legal advice. To ensure the information and advice in this post are correct, sufficient, and appropriate for your situation, please consult a licensed attorney. Also, using or accessing ContractsCounsel's site does not create an attorney-client relationship between you and ContractsCounsel.