A bargain, in the context of an agreement, refers to a mutual understanding between two or more parties regarding the terms of a transaction. This often involves negotiation, where each party discusses their needs and offers to reach a satisfactory deal. Bargains can occur in various settings, such as markets, online platforms, or personal exchanges. In legal terms, a bargain is typically associated with a contract, where each party agrees to provide something of value, known as consideration. This can include goods, services, or money. The essence of a bargain is that it creates a binding agreement, ensuring that all parties fulfill their obligations as outlined in the terms.