Traditionally, contracts which contain an agreement to agree certain contractual terms in the future have been held unenforceable as being too uncertain.

Contract of adhesion—standardized contract which imposed and drafted by the party of superior bargaining strength relegates to the subscribing party only the opportunity to adhere to the contract or reject it. The contract here may fairly be described as adhesive.

Sample wording: “The receiving party shall not disclose any confidential information to any third party for a period of [X] years from the date of this agreement.” Conflicts of interest clauses: Require disclosure of any potential conflicts of interest and often include terms for how they are to be managed.

An agreement is a promise or commitment given by one party to another party. It includes an offer that is made by one person and accepted by the other person. In simple words, an agreement happens when an offer is made by one person and accepted by another person. It consists of two or more parties.