Exchange spring magnet
The magnetostatic energy is the energy stored in the field generated by a material's magnetic moments. The magnet's field reaches its maximum intensity if all the magnetic moments orient in one direction; this is what occurs in a hard magnet. In order to prevent building up the magnetic field, sometimes magnetic moments tend to form loops. That way, the energy stored in the magnetic field can be constrained; this is what occurs in a soft magnet. What determines whether a magnet is hard or soft is the dominant term of its magnetic energy. For hard magnets, the anisotropy constant is relatively large, making the magnetic moments align with easy axis. The opposite case applies to soft magnets, in which the magnetostatic energy is dominant.
Force between magnets
Far away from a magnet, its magnetic field is almost always described (to a good approximation) by a dipole field characterized by its total magnetic dipole moment, m. This is true regardless of the shape of the magnet, so long as the magnetic moment is non-zero. One characteristic of a dipole field is that the strength of the field falls off inversely with the cube of the distance from the magnet's center.