Agreement Bangla Meaning

Agreement Bangla Meaning: Understanding the Legal Term

The word “agreement” is widely used in legal terminology and refers to a mutual understanding between two or more parties regarding a particular subject matter. In Bangla, agreement can be translated to “চুক্তি” or “সমঝোতা”. It is a contract between parties that creates a legally binding obligation to abide by the terms and conditions outlined in the agreement.

An agreement often outlines the responsibilities of each party and the consequences of non-compliance. It can be structured in various forms such as written, verbal, or implied. However, written agreements are the most common and legally binding form of agreements.

In Bangladesh, agreements are governed by the Contract Act of 1872, which provides the legal framework for the formation and enforcement of contracts. According to the Act, an agreement is defined as “every promise and every set of promises, forming the consideration for each other, is an agreement.”

The formation of an agreement requires the following essential elements:

1. Offer: One party presents an offer to the other party.

2. Acceptance: The other party accepts the offer.

3. Consideration: There must be an exchange of something of value between the parties.

4. Intention to create legal relations: The parties must have the intention to create a legally binding relationship.

Once an agreement is formed, it becomes a legally binding contract. The parties are obliged to comply with the terms and conditions outlined in the agreement. In case of non-compliance, the aggrieved party can take legal action to enforce the terms of the contract.

In summary, an agreement is a legal contract that creates a legally binding obligation between parties. It must have the essential elements of offer, acceptance, consideration, and intention to create legal relations. Understanding the meaning of agreement in Bangla is crucial in the legal context, and parties should always seek legal advice before entering into any agreement.