How is Mutual Agreement defined in a legal contract?
- Mutual Agreement means a consensus reached between two distinct parties without any form of coercion involved. Seen in 12 SEC filings.
- Mutual Agreement means a formal decision-making process agreed upon by all involved parties. Seen in 8 SEC filings.
- Mutual Agreement means negotiation process where any changes can be made only after ratification by both parties. Seen in 6 SEC filings.
- Mutual Agreement or Mutual Consent means consent given by the majority members of each involved team. Seen in 6 SEC filings.
- Mutual Agreement means a formal understanding reached between two parties as defined within the contract. Seen in 5 SEC filings.
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of mutual agreement' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Mutual Agreement means a consensus reached between two parties without coercion, following a formal decision-making process.
Relevant Contract Types
Relevant Circumstances
- Formation of a new business partnership
- Hiring of a service provider
- Initiation of a project that requires confidentiality
- Creation of a jointly owned venture
Relevant Sectors
Genie Definition 2
- Mutual Agreement means consent given by a majority of each team's members.
Relevant Contract Types
Relevant Circumstances
- Execution of projects that require team collaboration
- Consultation scenarios where decisions need to be agreed upon by team members
Relevant Sectors
Are you creating, reviewing or negotiating a document?
🚀 Try our AI Legal Assistant! It can suggest a definition just for your specific needs (Simply import your contract, then ask it to draft a definition suitable for your document, that's it!)
Mutual Agreement means a consensus reached between two parties without coercion, following a formal decision-making process.
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Book your personalised demo now
