However, the contract may relate to any agreement between two or more parties that is legally enforceable. As a general rule, a contract creates in each party the obligation to do something (for example.B. to offer goods or services at a specified price and on a specified time frame. It can also create the obligation to do nothing (. B, for example, disclosing sensitive information to companies). NOTE: There are other words that refer to different types of agreements – such as agreements, pacts, deposits, billing and treaties – but we have only promised A, B`s and C`s. We have kept that promise. Since the beginning of the 14th century, borrowing has been used for different types of „binding“ agreements or alliances, such as „the bonds of sacred marriage.“ Later, this meaning was generalized to each element or „binding“ force as „the bond of friendship.“ In the law of the sixteenth century, it became the name of an act or other legal instrument that „binds“ a person to pay a sum of money due or promised. Accord appears in ancient English with the meaning of „reconciling“ or „concording,“ borrowed from his Anglo-French etymon, acorder, a word akin to Latin concord, which means „consent.“ This original sense of concordance is transitory, and in modern English it still occurs, but rarely.
His transitory sense of „giving or giving accordingly, whether due or deserved“ – as in „The Teacher`s Students Pay Tribute to Them“ – is more often encountered. The compromise suggests abandoning something we want to reach a mutual agreement („The union and the employers have agreed to compromise“). Another meaning is to „expose yourself to suspicion, discredit or nonsense,“ as in „The actor`s career has been compromised by his politically incorrect tweets“ or „The editor would not compromise his principles.“ And as mentioned above, it can mean risking someone or something, endangering or having serious consequences. Confidential information, national security or the immune system could be described as a „compromise.“ What made you verbally look? Please tell us where you read or heard it (including the quote, if possible). Another known application of the conventions is in law and politics, where it is used as a term for an agreement between two or more groups (as countries or political organizations) to regulate issues that concern everyone, for example the UN Convention on the Law of the Sea.