A contract agreement is a legal document which restricts the concerned parties to act according to the agreement clauses. This document builds legal relation between the parties to the agreement. A contract agreement may be signed to prevent future misunderstandings and problems in any business or personal relations. A contract agreement may be a partnership agreement, tenancy agreement, leasing agreement, NDA, employment agreement etc. Content of any contract agreement will be drafted according to the nature of the agreement. Information about following the agreement and penalties in case of default will be mentioned clearly.
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