Voluntary Agreement
Type: noun
Pronunciation: /vol-uhn-ter-ee uh-gree-ment/
Also spelled or known as: Mutual Agreement
Plural: Voluntary Agreements
Related: Contract
What does Voluntary Agreement mean? An agreement entered into willingly by all parties.
A Voluntary Agreement is a contract or arrangement made without coercion, where all participants willingly accept the terms.
Voluntary agreements are common in licensing, settlements, partnerships, and business negotiations.
Voluntary Agreement synonyms: Mutual Agreement, Consensual Agreement, Cooperative Agreement
Example sentence: “The dispute was resolved through a voluntary agreement.”
PRE-ORDER RECORDING BUSINESS DICTIONARY