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Formal Consent Agreement Law and Legal Definition. A formal consent agreement in the employment context is an agreement concluded after preliminary investigation uncovers major unfair labor practices (ULPs). It includes a written statement of facts underlying the charge, a waiver of the right to a public hearing, and consent to the issuance of a formal National Labor Relations Board (NLRB) order.
Formal Agreement Law & Legal Definition. Formal agreement is referred to as an agreement for which consent alone is not enough. For a formal agreement, the law requires a manifestation of the agreement in some particular form apart from consent.The form of such manifestation shall include a signed writing.A default of such necessities or requirements shall make the agreement unenforceable.ormal agreement is referred to as an agreement for which consent alone is not enough.