Correspondence (Agreement)
Correspondence (Agreement) refers to a mutual understanding or arrangement between two or more parties. This can occur through written communication, such as letters or emails, where the involved parties express their consent to specific terms or conditions. The agreement can cover various topics, including business deals, personal commitments, or legal obligations.
In legal contexts, correspondence agreements often serve as preliminary documents before formal contracts are drafted. They help clarify intentions and expectations, ensuring that all parties are on the same page. Such agreements can be crucial in establishing trust and preventing misunderstandings in future interactions.