Reserved in agreement is a legal term used to indicate that there are certain rights or options that are being held back or reserved, even though two parties have reached an agreement. Essentially, it means that although there is an agreement in place, there are certain aspects that are still left up for negotiation or decision.
The term is often used in contracts or agreements, where one party may agree to certain terms and conditions, but still wishes to retain the right to pursue certain options or make certain decisions at a later date. For example, a company may agree to sell a product at a certain price, but reserve the right to change the price later on if certain conditions are met.
Reserved in agreement can also be used in the context of legal settlements or court orders. In these cases, the two parties may come to an agreement on a certain issue, but leave certain details open to negotiation or decision at a later time.
While the term reserved in agreement may seem vague or open-ended, it is actually an important legal concept that helps to ensure that both parties have some flexibility and control over the terms of the agreement. By reserving certain rights or options, both parties can be more comfortable with the terms of the agreement and can continue to work together more effectively.
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