Contractual agreements are legally binding agreements between two or more parties that outline the terms and conditions of their relationship. These agreements can cover a wide range of topics, including business transactions, employment relationships, real estate transactions, and more. The purpose of a contractual agreement is to clearly define the rights and responsibilities of each party involved in the agreement and to provide a framework for resolving disputes that may arise. Contractual agreements can take many forms, such as written contracts, oral agreements, or even implied agreements based on the actions and behaviors of the parties involved. It is important for all parties to fully understand the terms of a contractual agreement before entering into it to ensure that all parties are satisfied with the terms and conditions outlined.