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A Terms and Conditions agreement (T&C) helps to protect your business by creating a set of rules that anyone using your website or app must agree to. It essentially creates a contract between the end user and your business.
The terms of an agreement can bind parties by law to meet a set of minimum obligations, which is why the groups involved will commonly go back and forth during negotiations on clauses and terms until both are satisfied.
Legal documents, such as contracts and agreements, are mutual promises between two or more parties. They can be seen everywhere ? from business deals and employee contracts to residential leases and settlement agreements.
A letter of agreement is a type of business document that explains and sets the terms of a working agreement between two or more parties. The letter of agreement typically includes details like the contact information of the involved parties, the agreed-upon payments and the timeline.
A legal agreement can be informal, meaning nothing needs to be witnessed or written down. A contract, on the other hand, is both more formal and legally binding?which means it must be documented. Both an agreement and contract represent specific arrangements between two or more parties.