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Business Dictionary :
Agree and Agreement
Agree and Agreement
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Agree : verb :
(a) to approve
• The auditors have agreed the accounts.
• The figures were agreed between the two parties.
• We have agreed the budgets for next year.
• Terms of the contract are still to be agreed.
• He has agreed your prices.
(b) to say yes or to accept
• It has been agreed that the lease will run for 25 years.
• After some discussion he agreed to our plan.
• The bank will never agree to lend the company £250,000.
• We all agreed on the plan.
NOTE : to agree to or on a plan
(c) to agree to do something = to say that you will do something
• She agreed to be chairman.
• Will the finance director agree to resign?
Agree With : verb :
(a) to say that your opinions are the same as someone else's
• I agree with the chairman that the figures are lower than normal.
(b) to be the same as
• The auditors' figures do not agree with those of the accounts department.
Agreed : adjective : which has been accepted by everyone
• An agreed amount
• On agreed terms
Agreement : noun : contract between two parties which explains how they will act
• Written agreement
• Unwritten or verbal agreement
• To draw up or to draft an agreement
• To break an agreement
• To sign an agreement
• To witness an agreement
• An agreement has been reached or concluded or come to.
• To reach an agreement or to come to an agreement on prices or salaries
• An international agreement on trade
• Collective wage agreement
• An agency agreement
• A marketing agreement
• Blanket agreement = agreement which covers many different items
• Exclusive agreement = agreement where a company is appointed sole agent for a product in a market
• Gentleman’s agreement = verbal agreement between two parties who trust each other
QUOTE : After three days of tough negotiations the company has reached agreement with Its 1.200 unionized workers. (Toronto Star)