A meeting of minds with the understanding and acceptance of reciprocal legal rights and duties as to particular actions orobligations, which the parties intend to exchange a mutual assent to do or refrain from doing something; a contract.
The writing or document that records the meeting of the minds of the parties. An oral compact between two parties who jointogether for a common purpose intending to change their rights and duties.
An agreement is not always synonymous with a contract because it might lack an essential element of a contract, such asconsideration.
There are many types of legal agreement may require for every start up depends on situation and nature of transactions. Here is list of some basic legal agreement required for every start- up
Legal Agreement