While a contract may appear valid on his face, there are times when it is not applicable under the law. If you have any doubts that your contract is not legally applicable or if you need help drafting a contract for your business, it is a good idea to consult an experienced business lawyer to make sure your contract is valid. Joint Venture – an agreement between two or more independent companies in a company where they share the costs, management, profits or benefits of the business. Regardless of the above, it is common for the parties – particularly the parties to trade – to prolong negotiations before entering into a contract. These negotiations may even relate to documents exchanged or signed. For example, statements of intent, declarations of intent or communications in which the parties agree to make comparisons in a process context. But when can these „agreement agreements“ be implemented? In order to minimize this risk, the parties should provide provisions that act late with the parties where flexibility is required and a significant trade clause cannot be established at the time of the contract. Any promise and series of promises that constitute mutual consideration is an agreement. Promise is nothing more than an offer or proposal from one of the parties and acceptance of it by the other party.