# What is a Nation3 Agreement

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Nation3 Agreements is currently in **beta**. Eager to be among the first users? Dive into our [beta user guide](https://docs.nation3.org/agreements/agreements-beta) and embark on your internet-native contracts journey today.
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A Nation3 Agreement is a contract between two or more parties, secured by the Nation3 Legal System. Think of it as an internet-native handshake, defined by mutually agreed terms and backed by crypto assets.

Each party puts a specific amount of assets as collateral when entering the agreement. These assets can only be claimed in case of a breach, to compensate any affected parties.

All parties in an Agreement are bound by its terms. If they breach those terms, they can be taken to a Nation3 Court (ultimately, the [supreme-court](https://docs.nation3.org/legal-system/supreme-court "mention")) for dispute resolution.

The terms of the agreement terms are set out in English, typically using [Linked Markdown](https://github.com/linkedmd) for clear formatting. The terms can include any clause agreed upon the parties, but must adhere to Nation3 [law](https://docs.nation3.org/legal-system/law "mention") and any other applicable laws.

Nation3 Agreements can cover all types of contracts, clearly defining each party's liability and offering a built-in, efficient way to resolve disputes in the internet age.\\