Peace agreements are formal arrangements between conflicting parties aimed at resolving disputes and ending hostilities. These agreements often involve negotiations that address key issues such as territory, governance, and the rights of affected populations. They serve as a framework for establishing lasting peace and rebuilding relationships. Typically, peace agreements include specific terms and conditions that both sides must follow. They may also outline mechanisms for monitoring compliance and resolving future conflicts. Successful peace agreements can lead to stability and development in regions previously affected by violence, fostering cooperation and reconciliation among communities.