Stakeholder Engagement|Stakeholder Engagement
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An Agreement is a legal document which is signed between two parties, one party is called the Buyer and another party is called the seller. The Seller supplies the goods and Buyer pays the money in return. An agreement can be a contract, purchase order, understanding or undertaking. It should have legal remedies.
Alignment means that your people and resources are all working toward the same set of goals. In the IT world, we often talk about alignment between business and IT. This means that the business has a clear vision and a set of goals it is trying to achieve. Then everything IT does, supports those goals in the very best way it can. If everything is perfect, which is never the case, then the two are optimally aligned.
Intangible assets, like many produced in the IT world (patents, inventions, a business process or system that offers competitive advantage), contribute to future revenues. Therefore, they can be expensed over time as those revenues occur.