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Meaning of open agreement
The primary meaning of "open agreement" refers to a mutual understanding or contract that is transparent, flexible, and openly negotiated between parties.
Etymology of open agreement
The term "open agreement" originates from the combination of "open", derived from Old English "openian" meaning "to open", and "agreement", derived from Old French "agreer" meaning "to please" or "to agree"
Historically, the concept of open agreement has been used in various contexts, including business, law, and international relations, to describe mutually beneficial and transparent understandings between parties
Synonyms
Definitions
- A mutually agreed-upon understanding or contract that is openly negotiated and flexible
- An agreement that is transparent, with all terms and conditions clearly stated and accessible to all parties involved
- A voluntary and informal understanding between parties, without a formal or legally binding contract
Usage Examples
- The company and the union reached an open agreement on wages and working conditions
- The open agreement between the two countries allowed for the free exchange of goods and services
- The open agreement on environmental standards was signed by all participating nations