A legal agreement is a formal arrangement between two or more parties that outlines their rights and responsibilities. It is often documented in writing to ensure clarity and can cover various topics, such as business transactions, employment terms, or rental agreements. The agreement becomes legally binding when all parties consent to its terms. To be enforceable, a legal agreement must include essential elements like an offer, acceptance, consideration, and mutual intent to create a legal relationship. Common examples of legal agreements include contracts, leases, and service agreements, which help prevent misunderstandings and provide a framework for resolving disputes.