The Sherman antitrust act restricted the ability of competitors to engage in cooperative agreements.
Technically talking, any association that consists of two or extra events and a not-unusual reason is an agreement. An example of a settlement among events is when one person gives to percentage the fee of the rent, a 2nd individual accepts it, and they grow to be flatmates.
A settlement is any know-how or arrangement reached among or extra events. A contract is a specific kind of agreement that, via its terms and factors, is legally binding and enforceable in a courtroom of regulation.
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