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A special sort of agreement which used by parties when the agreeing on certain note & powerful enough to secure the rights of both parties is called a mutual agreement. Suppose if two brands signed a mutual agreement than we can say that their overall profits and losses will be the reciprocal of each other, in simple words if they earn more profit they’ll bound to divide equally similarly if business collapse or getting loss they’ll also restrained to share it equally without refusal. Licence: Creative commons attribution license, Please check author page for more information. Undoubtedly the mutual agreement as it name refer can simply explained as a legal document which serve as  prove & has ability to collectively provide benefits to both parties without any disclaimer is also known as mutual agreement.

Over and above generally mutual agreement has several types, just like; mutual aid agreement, mutual agreement for separation, mutual agreement between nations, international recognition agreement for mutual consensus, mutual agreement between forces, mutual agreement for border sharing, etc.
However suchlike agreement can be made between companies, businesses, individuals, & nations. There’re so much possibilities to obtain a mutual agreement, somehow the nature & content of every agreement vary on the use of purpose.
So as thing go we can say that mutual agreement is a document which conjoins profit between two or more parties without partiality.
Let’s suppose if agreement made between forces or nation it would be on large scale, otherwise if made between couple than made on small scale so the basic writing would be enough.

But same time mutual agreement also bound companies to agreeing on their terms & policies of business, meanwhile a particular agreement also assist parties to respect their mutual responsibilities. Although companies can sign mutual agreement just before start a joint venture as Google & LG did when they launched Nexus 5. Moreover the agreement between companies could be on temporary level or they can also contract for permanent basis.

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