The Erdős-Gallai Theorem is a fundamental result in graph theory that characterizes the degree sequences of simple graphs. Specifically, it states that a finite sequence of non-negative integers can be the degree sequence of a simple graph if and only if it satisfies certain inequalities, which provide necessary and sufficient conditions for the realizability of that degree sequence. This theorem is crucial for understanding how the degrees of vertices relate to the structure of graphs, linking closely with properties like bipartiteness and regularity.