Monetary Agreement
/ˈmʌnɪˌtɛri əˈgriːmənt/
Definitions
- (n.) A legally binding arrangement specifying the terms and conditions of financial obligations between parties.
The parties entered into a monetary agreement outlining the payment schedule.
Forms
- monetary agreement
- monetary agreements
Related terms
See also
Commentary
Monetary agreements often underpin settlements or contracts involving money, requiring precise terms 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.