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What is a lateral agreement?

Updated: 4/30/2024
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Wiki User

13y ago

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i would think that a lateral agreement is when two parties come to an agreement without any form of help.

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13y ago
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1w ago

A lateral agreement is a legal agreement between parties that are in the same tier or have equal standing, rather than being hierarchical. This type of agreement is common in situations where parties have equal bargaining power and are negotiating on an equal footing.

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Q: What is a lateral agreement?
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