Agreement in principle

Rarity: Common

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At a glance

Class

Notion

Domain

Beliefs and thought

In collections

Nobody has pulled it yet.

What Wikipedia says

In law, an agreement in principle is a stepping stone to a contract. Such agreements with regard to the principle are usually considered fair and equitable. Even if not all details are known, an agreement in principle may, for example, outline a schedule of royalties.

Excerpt from the Wikipedia article “Agreement in principle”, under the CC BY-SA 4.0 license. Read the article on Wikipedia