This transitive verb refers to the determination or establishment of the conditions under which a deal, agreement or sale will govern. Similarly, it can refer to the execution of a verbal contract between any two people. In general, the stipulation of the terms of the agreement goes hand in hand with the interests of the two involved. It is a term that is widely used in the legal field, so it is quite common to refer to what is imposed by the laws present in the legislation of each country, with the expression “as stipulated in the law”.
They are called treatment or contract to the explicit expression of the will of two or more people on a matter that concerns them, because it can affect the constitution of their assets or, well, significantly affect their dynamics of life Once they arrive to the agreement, a document is drawn up, taking into account the legal bases of the matter, in which both can know the rights they have or not, in addition to serving as a tool to which to resort in case one of the parties breach the contract.
Contracts can also be verbal, as mentioned above. These, after having reached an agreement, are not put on paper. This is valid; however, if the law requires the drafting of a document, the appeal cannot be used. In case of disagreement, it can lead to even more complex conflicts, but with the presence of witnesses during its conduct, the concerns can be corrected.