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About: Self-enforcing agreement     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatAgreements, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: yago:Abstraction100002137yago:Agreement106770275yago:Communication100033020yago:Message106598915organisationyago:Statement106722453yago:WikicatAgreements New Facet based on Instances of this Class

A self-enforcing agreement is an agreement that is enforced only by the parties to it; no external party can enforce or interfere with the agreement. (In this respect it differs from an enforceable contract.) The agreement will stand so long as the parties believe it is mutually beneficial and it is not breached by any party.