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A negotiated arrangement between two or more parties 

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A negotiated arrangement between two or more parties

Answer

AGREEMENT


Definition

State of agreeing; harmony of opinion, statement, action, or character; concurrence; concord; conformity; as, a good agreement subsists among the members of the council.
Concord or correspondence of one word with another in gender, number, case, or person.
A concurrence in an engagement that something shall be done or omitted; an exchange of promises; mutual understanding, arrangement, or stipulation; a contract.
The language, oral or written, embodying reciprocal promises.