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Agreement of Understanding Defined

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What is an Agreement Of Understanding?

An agreement of understanding is a legal document that describes the broad outlines of an agreement between the parties of an agreement. The main goal of an agreement of understanding is to document the mutually accepted expectations of all the parties involved in a negotiation. It is most commonly used to govern international relations, but can be used in domestic proceedings as long as all contract parties request it.

The purpose of the agreement of understanding is to affirm that all contract parties understand and acknowledge the overall terms of a contract.

Who Helps With Agreements Of Understanding?

Lawyers with backgrounds working on agreements of understanding work with clients to help. Do you need help with an agreement of understanding?

Post a project in ContractsCounsel's marketplace to get free bids from lawyers to draft, review, or negotiate agreements of understanding. All lawyers are vetted by our team and peer reviewed by our customers for you to explore before hiring.


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Meet some of our Agreement Of Understanding Lawyers

David W. on ContractsCounsel
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Member Since:
March 8, 2025

David W.

Business Lawyer
Free Consultation
Providence, RI
6 Yrs Experience
Licensed in MA, RI
Quinnipiac University School of Law

David has experience assisting individuals, startups, mid-sized, and publicly traded companies with various business, corporate, and real estate matters including residential and commercial real estate sales, acquisitions, financing and leasing; contract drafting and negotiation; regulatory compliance; and business acquisition, sale, formation, and dissolution.

Christopher R. on ContractsCounsel
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Member Since:
March 9, 2025

Christopher R.

Owner-Manager
Free Consultation
Urbandale, Iowa
33 Yrs Experience
Licensed in IA, IL, MO
Saint Louis University

Over the course of the past 30 years, in both General Counsel roles (3 times) and in private practice, I have built a successful national real estate transaction, construction, and environmental law practice

Stefan R. on ContractsCounsel
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Member Since:
March 11, 2025

Stefan R.

Managing Partner
Free Consultation
Brooklyn
4 Yrs Experience
Licensed in NJ, NY, PA
Delaware Law

I'm an experienced attorney with a vast experience in legal fields.

Samantha O. on ContractsCounsel
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Member Since:
March 20, 2025

Samantha O.

Managing Attorney
Free Consultation
Waukesha, WI
3 Yrs Experience
Licensed in WI
Marquette University Law School

After a successful career in property management and commerical lending, I became a transactional Corporate and Real Estate attorney at an AM 200 law firm, drafting and negotiating purchase agreements and closing documents, interpreting laws, rulings, and regulations for real estate and corporate transactions, conducting due diligence, as well as rendering advice on real estate financing, development, management, leasing, zoning, and land use. I also served as in-house counsel for a multi-million dollar real estate data company, where I advised executive leadership on contracts, corporate governance, compliance, and risk management, giving me a strong understanding of both the legal and business aspects of a variety of industries.

Dana M. on ContractsCounsel
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Member Since:
March 21, 2025

Dana M.

Family Law Attorney
Free Consultation
Aliso Viejo, CA
23 Yrs Experience
Licensed in CA
Cooley Law School

I have been licensed in California since 2003. I have diverse experience in the legal field and have worked in both public and private sectors. I have primarily worked in the area of family law but have experience in employment immigration and eDiscovery.

Marlene A. on ContractsCounsel
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Member Since:
March 27, 2025

Marlene A.

Associate
Free Consultation
Roseland, New Jersey
4 Yrs Experience
Licensed in NJ, NY
Rutger Law School

Marlene is an accomplished attorney at Mandelbaum Barrett, specializing in litigation and real estate law. With a practice focused on buy and sale transactions, leases, litigation, and landlord/tenant matters, Marlene will bring a wealth of knowledge to the matter. Additionally, Marlene effectively navigates complex legal challenges and strives to achieve favorable outcomes for clients in the real estate sector.

Don S. on ContractsCounsel
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Member Since:
April 2, 2025

Don S.

Principal Attorney
Free Consultation
New York / Bangkok
14 Yrs Experience
Licensed in NY
Pace University School of Law

I’m a New York-licensed attorney with over 12 years of experience in business law, commercial transactions, and cross-border advisory work. I regularly assist companies—ranging from startups to multinational firms—with drafting and negotiating key commercial agreements, including service contracts, distribution and reseller agreements, SaaS terms, joint venture arrangements, and NDAs. My background includes advising on business entity formation, contract structuring, and risk allocation across a wide range of industries, including tech, finance, and professional services. I also have experience serving as outside counsel to growing companies, providing practical, business-oriented legal support across a variety of matters. I’m responsive, efficient, and accustomed to working independently with minimal oversight. I'm the founder and principal attorney of a solo practice law firm based in New York, which I manage remotely as a global/digital nomad. My primary practice area concerns cross-border transactions between U.S. investors and private fund managers in Asia.

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I got 5 bids within 24h of posting my project. I choose the person who provided the most detailed and relevant intro letter, highlighting their experience relevant to my project. I am very satisfied with the outcome and quality of the two agreements that were produced, they actually far exceed my expectations.

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