An agreement is the agreement , the convention, that occurs between two or more individuals, between companies, nations, among others, about some issue. Meanwhile, agreements can be made in various areas, such as political, social, commercial, economic, to name the most recurrent.
In the particular case of bilateral agreements, these are those agreements in which two parties are involved. They are binding contracts between two parties that accept and agree to terms and conditions regarding something .
The agreement is always the result of a debate , of a discussion , in which the intervening parties discuss points of view in order to reach an agreement that satisfies the needs and demands of both parties involved. It is also common that in certain aspects, each party must give up a claim in order to get closer to the agreement more quickly.
In the international commercial plane is where these so-called bilateral agreements are most frequently appreciated, in which two nations agree, agree something that benefits them, for example, the exchange of certain products that are produced in one of the countries and not in the other and vice versa.
In terms of international politics , these agreements can also be established between two countries, such as when a nation needs to obtain sensitive information from another to resolve a judicial case and then they decide to sign a collaboration agreement in this regard.
And also, as we said, companies and individuals can conclude bilateral agreements.
Between individuals, the most common bilateral agreement is the one between the owner and the tenant. The conditions of renting a house, for example, will be established in that bilateral agreement, which is normally done in writing and in which the rights and duties that each of the parties will have are listed.
It is important to mention that in any type of bilateral agreement, when one of the parties fails to comply with any of the stipulated points, a sanction or at least a legal claim may be plausible where the punishment for breach of contract will be settled.
When two countries are linked by an agreement of this type and one fails to comply with its commitment, it is possible that a great deal of rigidity is generated between the two that then triggers a harsh confrontation.