Exchange Agreement
/ɪksˈʧeɪnʤ əˈɡriːmənt/
Definitions
- (n.) A legally binding contract in which parties agree to exchange assets, services, or rights under specified terms.
The companies signed an exchange agreement to trade proprietary technologies.
Forms
- exchange agreements
Related terms
See also
Commentary
Typically used in commercial and financial contexts, exchange agreements require clear definition of the exchanged items to avoid disputes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.