Legal agreements are formal documents that outline the terms and conditions between two or more parties. They serve to protect the rights and responsibilities of each party involved, ensuring that everyone understands their obligations. Common types of legal agreements include contracts, leases, and non-disclosure agreements. These agreements can be written or verbal, but written agreements are generally preferred as they provide clear evidence of the terms. Legal agreements are enforceable in a court of law, meaning that if one party fails to meet their obligations, the other party can seek legal remedies.