Its story, along with the terms agreed upon in it, is mostly known from the somewhat unreliable Gesta Hungarorum, a chronicle written between 1196–1203 and is thus possibly influenced by 12th century laws and customs.
The oath was sealed by the seven leaders – Álmos, Előd, Ond, Kond, Tas, Huba and Töhötöm – by cutting their arms and letting their blood into a chalice.
Herodotus described a Scythian ritual in which "a large earthen bowl is filled with wine, and the parties to the oath, wounding themselves slightly with a knife or an awl, drop some of their blood into the wine; then they plunge into the mixture a scymitar, some arrows, a battle-axe, and a javelin, all the while repeating prayers; lastly the two contracting parties drink each a draught from the bowl, as do also the chief men among their followers.
Several historians concluded that Anonymus' intentions in writing down this agreement were to express the societal changes during his own period, and support the fight for the rights of the nobility, as a kind of historical justification.
According to historian István Nemeskürty "The aim of Magister P. (Anonymus) is to justify the rights and claims of 13th century Hungarian nobility and create a lineage going back to the Conquest for all of his friends and family.