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The phrase "agreement lasts" is correct and usable in written English.
It can be used to refer to the duration or validity of a particular agreement or contract.
Example: "The agreement lasts for a period of five years, after which it will need to be renewed."
Alternatives: "duration of the agreement" or "term of the agreement".
Exact(11)
The agreement lasts for two years.
Sample: Kath and Ed will divide Sloan's time "as long as the agreement lasts," Ed stipulates.
And the agreement lasts only through the end of the current season.
The current licence fee agreement lasts less than another three years.
The agreement lasts only two years and puts off the critical issue of pensions, but it gives the orchestra some breathing room.
They are obliged to turn up to work - even if they don't want to - and the employer has to provide work for them to do for as long as the contract or agreement lasts.
Similar(49)
That agreement lasted until 1982, with control resting solely with the Cowan family.
Specifically, the Global Study proved that women's participation increases the probability of a peace agreement lasting at least two years by 20percentt.
He indicated he would like a formal written agreement, lasting a parliament, in which a Tory-led government would incorporate key elements of the Lib Dem manifesto.
White House officials are all but resigned to any potential budget agreement lasting just a year or two — not the long-term fiscal pact they have sought.
"The financial restructuring scheme finalised in February 2000 is a complex agreement, lasting over 30 years, which was subject to detailed scrutiny over many months by professional advisers before the arrangements were endorsed by the University Council as the best way forward.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com