By Agreement Meaning

The right of withdrawal is limited to parties or persons legally entitled to act for them. As with other treaties, the parties to the withdrawal agreement must be mentally competent. Reciprocal termination or termination of a mutual agreement is a relief of the obligations of a contract between the two parties through a new agreement that was concluded after the execution of the original contract, but before its execution. Resignation by mutual consent is dissociated from the right of one of the parties to terminate or terminate the contract or terminate it, or in accordance with a provision of the contract. By a satisfactory form and substantive agreement for management, the Bank requires any successor of all or part of the bank`s assets or assets to adopt and explicitly conclude this agreement in the same manner and to the extent that the bank would be required to implement it in the absence of succession. Ronald Reagan approved the agreement and the USTR reviewed Korean practices until the end of his term. That is how you make an agreement; U.K. and U.S. negotiators on the verge of reaching an agreement; he agreed. The results of my experience are in line with those of Michelson and with the law of general relativity. By agreement, all parties met at Indian Spring to consider a second contract in early February 1825.

These examples are automatically selected from different online sources of information to reflect the current use of the word «agreement.» The opinions expressed in the examples do not reflect the views of Merriam-Webster or its publishers. Send us comments. By agreement, a worker can be transferred to another job or workplace. These results are at odds with our previous conclusions. Counterpart An agreement to terminate a previous contract must be based on sufficient consideration, an incentive. If a contract remains executed on both sides, a termination agreement on one side is sufficient to terminate the agreement on the other side and vice versa. If the contract has been executed on a page, a retraction agreement concluded without new consideration is unagalized, i.e. without legal value or binding effect. «I thought we`d already agreed,» Simpson says with a little warmth.

n. termination of a contract by mutual agreement between the parties. (See: retraction) In November 2014, this agreement was extended for four months, with some additional restrictions for Iran. Such an agreement currently exists for an influenza pandemic, Phelan notes, but not for any other type of disease or vaccine. If one party abandons it and refuses to continue the benefit or if its conduct shows that it rejects the contract, the other party has the power to withdraw. A disagreement on the contractual terms and a subsequent refusal of a particular benefit by either party does not constitute a resignation justifying a resignation.