The term "agreement" in legal language refers to a promise/commitment or a sequence of reciprocal promises that serve as consideration for the parties to a contract. In an agreement, one person offers or suggests something to another, and the other accepts it. To put it simply, the offer plus acceptance equals the agreement, or an accepted proposal equals an agreement. The offer is regarded accepted when the party to the agreement to whom the offer or proposition is made gives his or her assent in this regard for mutual consideration, resulting in a promise. The main characteristics of any basic agreement include a plurality of persons, which means at least two people must be present to form an agreement, and consensus ad idem, which implies concurrence of minds, meaning the parties have a mutual understanding of the agreement's terms and circumstances. There are two key elements of an agreement consisting of the offer/proposal and the acceptance of the same.
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