Business Agreements

12 words in this vocabulary list

noun A word (other than a pronoun) used to identify any of a class of people, places, or things.

verb A word used to describe an action, state, or occurrence.

preposition A word governing, and usually preceding, a noun or pronoun and expressing a relation to another word or element in the clause.

  • The two parties have finally agreed to the terms of the contract.
  • We all agreed to meet at the park for a picnic.
  • I'm not sure if I agree to go to that party, it sounds boring.
  • Sometimes, we have to agree to disagree in order to maintain peace in a relationship.

verb to have the same opinion or belief as someone else; to be in harmony or accord

  • After much deliberation, the committee was able to agree on a final decision.
  • I agree with you, that movie was really good!
  • Yo, I totally agree with what you're saying.
  • Sometimes it's hard to agree on the best course of action when emotions are running high.

noun the action of conceding or granting something

  • The company made a concession to the union by agreeing to increase wages.
  • I managed to get a concession on the price of the car by negotiating with the salesman.
  • I scored a sweet concession on these concert tickets from a friend.
  • Sometimes in life, you have to make a concession in order to move forward.

noun a deal is a mutual agreement or arrangement between two or more parties

verb make is an action of creating or forming something

  • The two companies decided to make a deal to collaborate on a new project.
  • Let's make a deal and split the cost of the concert tickets.
  • I'll make a deal with you - you wash the dishes and I'll walk the dog.
  • Sometimes you have to make a deal with yourself to prioritize your own well-being.

noun a word that functions as the name of a specific thing, such as 'null' or 'void'

adjective a word that describes or modifies a noun, such as 'null' or 'void'

  • The contract was declared null and void due to a breach of terms.
  • They said the agreement is null and void now.
  • The deal is totally null and void, dude.
  • Once trust is broken, all promises become null and void.

noun a formal agreement between individuals or parties

  • The two countries signed a pact to promote economic cooperation.
  • We made a pact to always have each other's backs.
  • Let's make a pact to never talk about that embarrassing moment again.
  • The pact between the siblings meant they would always support each other no matter what.

conjunction used to introduce a statement that contrasts with a previous statement or situation

  • The company's revenue increased by 10% this quarter, whereas expenses remained relatively stable.
  • I prefer tea whereas my sister prefers coffee.
  • I like to chill at home whereas my friends like to party.
  • She was like a bright light in the darkness, whereas he was like a shadow lurking in the corner.

MOU

noun A memorandum of understanding (MOU) is a formal agreement between two or more parties outlining the terms and details of an understanding, including each parties' requirements and responsibilities.

  • The two companies signed an MOU to collaborate on research and development.
  • We need to finalize the MOU before moving forward with the project.
  • Let's get the MOU sorted out ASAP so we can get started.
  • The MOU between the two nations symbolizes a new era of cooperation.

noun agreements or harmony in relationships

verb to give or grant someone power, status, or recognition

  • The two countries signed accords to strengthen diplomatic relations.
  • They made a deal and shook hands on the accords.
  • They were in cahoots and agreed to the accords.
  • Their hearts were in accord, despite their differences on the surface.

noun a mutual agreement or understanding between two or more parties

verb not applicable

adjective not applicable

adverb not applicable

pronoun not applicable

preposition not applicable

conjunction not applicable

interjection not applicable

article not applicable

  • El acuerdo entre las dos empresas se firmó ayer en la reunión.
  • Estamos de acuerdo en que la película fue genial.
  • No estoy de acuerdo contigo, creo que deberíamos hacerlo de otra manera.
  • El acuerdo entre el corazón y la mente es fundamental para tomar decisiones importantes.

noun an agreement or settlement between parties

  • Los acuerdos comerciales entre las dos empresas fueron firmados esta mañana.
  • Hicimos unos acuerdos con los vecinos para compartir los gastos del mantenimiento.
  • No te preocupes, ya tengo todo bajo control. Tenemos unos acuerdos por aquí.
  • A veces es difícil llegar a acuerdos con personas tan tercas como él.

noun a thing added or to be added, especially extra material added at the end of a book or other publication

  • The contract was updated with several addendums to clarify certain terms.
  • I had to sign a bunch of addendums to make changes to my lease agreement.
  • I'm tired of all these addendums, can't we just keep things simple?
  • In life, unexpected events often act as addendums to our carefully laid plans.