The Accords were the result of various negotiations between Israel and the Palestine Liberation Organization (PLO) in an attempt to resolve the conflict between Israel and Palestine. The Accords stipulated that the Palestinian Authority be officially recognized by Israel as the governing body of the Palestinian people and be afforded self-government in parts of the West Bank and Gaza Strip. The PLO in turn recognized Israel's right to exist and renounced its intent to attack and destroy that state. Such "permanent issues" as border security and Israeli settlements were left out of the accords purposely, to be resolved in other talks. The agreement was signed by Mahmoud Abbas (PLO) and Shimon Peres (Israel).
See also Oslo II Accords (Interim Agreement on the West Bank and the Gaza Strip). For more, Yale maintains an online law collection which contains an extensive list of primary source documents on Israel and Palestine.