1. A formal agreement or settlement reached between parties, typically documented and legally binding
The two nations signed a formal accord to establish diplomatic relations.
As duas nações assinaram um acordo formal para estabelecer relações diplomáticas.
2. An official or ceremonial agreement, often between governments or organizations
A formal accord was reached between the labor union and management.
Um acordo formal foi alcançado entre o sindicato dos trabalhadores e a administração.