A special sort of agreement which used by parties when the agreeing on certain note and powerful enough to secure the rights of both parties is called a mutual agreement. Undoubtedly the mutual agreement template as it name refer can simply explained as a legal document which serve as prove and has ability to collectively provide benefits to both parties without any disclaimer is also known as mutual agreement. However suchlike agreement can be made between companies, businesses, individuals and nations. So as thing go we can say that mutual agreement is a document which conjoins profit between two or more parties without partiality. But same time mutual agreement also bound companies to agreeing on their terms and policies of business, meanwhile a particular agreement also assist parties to respect their mutual responsibilities.
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. 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 and mutual agreement for border sharing. There’re so much possibilities to obtain a mutual agreement template, somehow the nature & content of every agreement vary on the use of purpose. 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. No doubt there’re so many examples of mutual agreement, such as; a company has great business strategy & great research but lack of resources, it will contact with some other company or business has advanced technology, capital & market value thus, they collaborate with each other for mutual sharing. 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.