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Two technicians are discussing lifting heavy items. Technician A says that you should always keep your back bent while lifting. Technician B says that most of your lifting ability comes from your lower back. Who is correct?
Offer
A proposal presented by one party to another as a basis for negotiation, intending to create a binding legal agreement upon acceptance.
Interim Agreement
A binding contract that will subsequently be put into a more formal document; usually referred to as an agreement of purchase and sale in a real estate transaction.
Binding Contract
A legal agreement between parties that is enforceable by law, where each party has specific obligations.
Agreement
A mutual understanding between two or more parties about their respective rights and duties regarding past or future performances.
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