A peace agreement is a formal arrangement between conflicting parties to end hostilities and establish a peaceful coexistence. It often involves negotiations to address the underlying issues that led to the conflict, such as territorial disputes, political disagreements, or social injustices. These agreements can take various forms, including treaties, accords, or pacts, and may involve international mediators or organizations. Typically, a peace agreement outlines the terms and conditions that both sides must follow, such as ceasefires, disarmament, and the establishment of new governance structures. Successful agreements can lead to long-term stability and reconciliation, benefiting the affected communities and nations, like in the case of the Camp David Accords between Israel and Egypt.