Compromise agreement

A compromise agreement is a type of contract between two people or groups of people that explains when and how an issue should be resolved. It's like an agreement or a promise about what will happen when a problem arises. For example, if two people can't agree on who should do the dishes, they might use a compromise agreement to decide who will do the dishes and when it will happen. Compromise agreements usually involve some sort of trade-off between the two sides, so one person will give up something in order for the other person to get something.