Legal agreements are formal documents that outline the terms and conditions between two or more parties. These agreements can cover various matters, such as business transactions, employment, or rental agreements. They serve to protect the rights and responsibilities of each party involved, ensuring clarity and reducing the risk of disputes. Typically, a legal agreement includes essential elements like the names of the parties, the purpose of the agreement, and specific obligations. Common types of legal agreements include contracts, leases, and non-disclosure agreements. When properly drafted and signed, these documents are enforceable in a court of law.