An Armistice Agreement is a formal agreement between warring parties to stop fighting and lay down their arms. It serves as a temporary ceasefire, allowing for negotiations to take place and often leading to peace talks. Armistices can occur in various conflicts, including wars, and are crucial for reducing hostilities and preventing further casualties. One of the most notable examples is the Armistice of Compiègne, signed on November 11, 1918, which ended fighting in World War I. This agreement marked a significant turning point in history, leading to the eventual signing of peace treaties and the establishment of new political boundaries in Europe.