The terms of the agreement between Thorin and Bard are a crucial aspect of the story of The Hobbit. As a professional, I will provide valuable insights into this topic.

Thorin is the leader of the dwarves who seek to reclaim their homeland, the Lonely Mountain, from the dragon Smaug. Bard is the leader of the men who live near the Lonely Mountain, and he plays a key role in the resolution of the story.

The agreement between Thorin and Bard centers around the treasure that Smaug has hoarded within the Lonely Mountain. The dwarves seek to reclaim this treasure as their own, while Bard and his people desire compensation for the destruction brought about by Smaug.

According to the terms of the agreement, the dwarves would receive the bulk of the treasure, while Bard would receive a portion of it to distribute among his people. This agreement was approved by Bilbo Baggins, who served as a mediator between the two parties.

However, tensions arose when Thorin refused to part with a specific portion of the treasure known as the Arkenstone. This led to conflict between the dwarves and Bard`s people, which was only resolved when an army of goblins and Wargs attacked the Lonely Mountain.

In the end, Thorin made amends with Bard and the two were reconciled before Thorin`s death. The terms of the agreement were ultimately upheld, and the treasure was distributed between the dwarves and the people of Lake-town.

In conclusion, the terms of agreement between Thorin and Bard were a crucial aspect of The Hobbit`s plot. As a professional, I hope this article helps readers gain a better understanding of this crucial element of the story.