The phrase "a formal compact" is correct and usable in written English.
It can be used to refer to a legally binding agreement or contract between parties, often in a formal context.
Example: "The two nations entered into a formal compact to ensure mutual defense and cooperation."
Alternatives: "a formal agreement" or "a binding contract."
The offer was accepted, and in August 1392 a formal compact was signed.
We need a programme specifically designed for the Sahel – a formal compact between the nations and the international community.
The historian Pierre Chaplais argues that the pair may have made a formal compact in either 1300 or 1301, and that they would have seen any later promises they made to separate or to leave each other as having been made under duress, and therefore invalid.
Nevertheless, a clear, accurate formal compact does not ensure that employees will be satisfied with their jobs or that they will make the personal commitment managers expect.
UNICEF welcomed the formal Compact agreed by participants that highlighted commitments to make nutrition a top political and socio-economic priority for both donors and countries affected by undernutrition, capitalise on scientific knowledge and innovation to improve nutrition, and strengthen transparency and monitoring of results.
"The GREAT Group has done some things over the past few years, such as establishing a definition of postdocs, and then a couple of years ago, the postdoc compact," a formal statement of mutual obligations and responsibilities for postdocs and principal investigators.
However, this literature lacks a formal framework for representing different balancing circuits in a compact manner conducive to quantitative analysis.
The Bloomberg administration called yesterday for a formal agreement with the Port Authority and the Lower Manhattan Development Corporation to govern the redevelopment of the World Trade Center site, much as a 1967 compact did.
A formal inquiry may follow.
A formal bailout is unlikely.
