In legal terms, a voluntary agreement is a legally binding contract between two parties that is entered into freely and without coercion or duress. It is an agreement that is made of the free will of both parties, without any undue influence or pressure from external sources.

Voluntary agreements are often used in business transactions, employment agreements, and other contractual relationships. In most cases, a voluntary agreement is considered to be an enforceable contract, meaning that both parties are legally bound to fulfill their obligations as outlined in the agreement.

In order for an agreement to be considered voluntary, both parties must have the capacity to enter into the contract, meaning they must be of legal age and have the mental capacity to understand the terms of the agreement. Additionally, there should be no hidden or undisclosed terms or information in the agreement, as both parties need to be fully aware of what they are agreeing to.

One of the key features of a voluntary agreement is the presence of consideration, which is something of value that each party is providing to the other. Consideration can include payment, goods, services, or anything else that has value.

It is important to note that a voluntary agreement can be challenged if it is found that one party was coerced or forced into signing the contract. For example, if one party threatened harm to the other party or their family if they didn`t sign the agreement, the contract could be considered void due to coercion.

In conclusion, a voluntary agreement is a contract between two parties that is entered into freely, without coercion or duress. It is a legally binding agreement that requires both parties to fulfill their obligations as outlined in the contract. If you are considering entering into a voluntary agreement, it is important to fully understand the terms and have a clear understanding of your rights and obligations.