Upon Common Agreement: What It Means and How to Use It
Upon common agreement is a phrase that you may have heard before, especially in legal or business dealings. It refers to a decision or agreement that has been made by all parties involved. In this article, we will explore what upon common agreement means, how it is used, and some examples of its usage.
What Does Upon Common Agreement Mean?
Upon common agreement means that a decision or agreement has been made by all parties involved. It is an expression of unanimous consent. This phrase is often used in legal documents, contracts, and agreements to indicate that everyone involved in the transaction has agreed to the terms and conditions. The phrase is also used in business dealings to communicate that all parties have reached an understanding and are satisfied with the outcome.
How Is Upon Common Agreement Used?
Upon common agreement is used in a variety of contexts, such as:
Legal Documents: In legal documents, upon common agreement is used to indicate that all parties involved have reached a mutual agreement. For example: „The parties agree that, upon common agreement, they will terminate the contract.“
Business Deals: In business dealings, upon common agreement is often used to indicate that all parties have come to a consensus. For instance: „The parties agreed to a merger, subject to upon common agreement on the terms and conditions.“
Team Decisions: Upon common agreement is also used in team decisions. For example: „The team agreed, upon common agreement, to complete the project by next month.“
Examples of Upon Common Agreement
Some examples of upon common agreement are:
1. The parties agreed, subject to upon common agreement, to the terms and conditions of the contract.
2. The shareholders of the company agreed, upon common agreement, to the merger proposal.
3. The team agreed, upon common agreement, to present their findings to the management before the deadline.
4. The committee agreed, upon common agreement, to proceed with the proposed changes to the company`s policies.
5. The partners agreed, upon common agreement, to dissolve the partnership and divide the assets equally.
Conclusion
Upon common agreement is a phrase that indicates a unanimous decision or agreement made by all parties involved. It is commonly used in legal documents, contracts, and agreements, as well as in business dealings and team decisions. Understanding the meaning and proper usage of upon common agreement is essential in ensuring that all parties involved are on the same page and that the agreement reached is legally binding and satisfactory to everyone.