Commercial agreements are legally binding contracts between two or more parties that outline the terms of a business relationship. These agreements can cover various aspects, such as the sale of goods, services, or property, and often include details about pricing, delivery, and responsibilities of each party. These contracts are essential for ensuring that all parties understand their rights and obligations, helping to prevent disputes. Common types of commercial agreements include sales contracts, lease agreements, and partnership agreements, each tailored to specific business needs and situations.