Accord

An accord is an agreement or understanding between two or more parties, often formalized through a written document. It establishes shared intentions, responsibilities, or commitments, helping to resolve disputes or guide future actions. Accords are common in international relations, business dealings, and organizational negotiations, serving as a mutual framework that outlines what each party agrees to do. Essentially, it’s a consensus that brings clarity and commitments, fostering cooperation and reducing misunderstandings.