As per our agreement is a common phrase used in business and legal language. It is often included in contracts, letters, and emails to refer to a previous arrangement or understanding between two parties.
The phrase „as per“ is derived from Latin, where „per“ means „by“ or „through.“ In modern English, „as per“ is used as a conjunction and means „in accordance with“ or „according to.“ Therefore, when someone says „as per our agreement,“ they mean that what they are about to say or do is in line with the previously agreed-upon terms.
Using „as per our agreement“ in a business contract is essential because it helps ensure that both parties understand the terms and conditions of the agreement. It also helps to avoid misunderstandings or potential disputes in the future.
For example, if two companies agree to a joint project, they will often write a contract that includes the project`s details and deadlines, the scope of work, and the financial arrangements. In this contract, they may include a provision that says „as per our agreement, company A will provide the necessary funding, and company B will provide the manpower.“
When company A makes a payment, they might reference the contract by stating, „We have wired the payment as per our agreement,“ which confirms that they have acted in accordance with the previously agreed-upon terms.
In legal language, „as per our agreement“ can also serve as evidence that the parties have a mutual understanding of the terms of an agreement. In the event of a contract dispute, the term „as per our agreement“ can be used to resolve the issue by referring back to the original contract and the intentions of the parties when they signed it.
In conclusion, „as per our agreement“ is a phrase that is commonly used in business and legal language to refer to a previously agreed-upon understanding between two parties. Its purpose is to ensure that both parties understand the terms and conditions of an agreement, and it can serve as evidence in the event of a dispute. As a professional, it`s important to ensure that this phrase is used correctly and consistently throughout any written documents to avoid any confusion or ambiguity.