An agreement is a binding form of mutual understanding _
An agreement may be towards a collaborative engagement, confidentially executed Web3 smart-contract or similarly defined formalized structure of mutual intent or understanding which, in part or whole, contributes to the creation of a set common understanding or stipulation which can by reference in contract define the actions, conduct, roles, liabilities and responsibilities between two or more parties. In the NEST® and Web3+ ecosystem, such parties each carry individually encrypted SSDID authentication and confidential, multi-network, on-chain execution capacity.
An agreement may be held as present whether a collaborative engagement or exchange is or has yet to be registered with NEST®. Additionally, a form of agreement may be held as present outside of or in the absence of registered documentation. Quite simply, whenever participants concur on the defining of their roles, responsibilities, course of action or the like then an agreement could be held as actively present. Although agreements are typically set in written exchanges, the definitions of agreements may incorporate visual and multimedia content such as photos, videos and the like. Any format or type of such content may in turn form portions of legally binding, contractual documentation.
