Private Agreement
/ˈpraɪvɪt əˈɡriːmənt/
Definitions
- (n.) A legally binding contract or understanding between private parties without public or governmental involvement.
The parties entered into a private agreement to resolve their dispute out of court.
- (n.) An agreement kept confidential between parties, not disclosed to third parties or the public.
The settlement included a private agreement to keep the terms confidential.
Forms
- private agreements
Related terms
See also
Commentary
In drafting, clarify whether the agreement involves confidentiality or merely private parties; the term broadly covers any contract made between non-governmental parties.
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.