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Agreement in principle

Definition of the noun Agreement in principle

What does Agreement in principle mean as a name of something?

noun

  1. [idiomatic, legal] A legally enforceable, but incompletely specified, agreement between parties that identifies the fundamental terms that are intended to be or are agreed upon.

Explanation

Agreement in principle: 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.

Printed dictionaries and other books with definitions for Agreement in principle

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Google previewDiplomat's Dictionary (1994)

by Charles W. Freeman, Jr.

Principle, agreement in: "Agreement in principle may mean disagreement in practice." Thomas A. Bailey Principle, agreement in: "Principles are fine; they entail no commitment." Napoleon Principles: "A people that values privilege above its ...

Google previewEncyclopedia of the Arctic (2012)

by Mark Nuttall

LIA has been advancing the land rights and selfgovernment claims of the Labrador Inuit since 1975, and signed an agreement in principle for the settlement of Labrador Inuit land claims and the recognition of Inuit self- government with the ...

Google previewTo the Point: A Dictionary of Concise Writing (2014)

by Robert Hartwell Fiske

said it has entered into an agreement in principle to acquire the assets ofJ.A. Finn Inc. Courier Dispatch Group Inc. said it has agreed in principle to acquire the assets ofJ.A. Finn Inc. • The department may enter into ...

Google previewEncyclopedia of Canadian Social Work (2009)

by Francis J. Turner

general agreement in principle that, within the broad scope of professional social work activities, broad methods can be discerned to differ on the basis of client target, techniques and strategies, and requisite bodies of knowledge: individual, ...

Google previewEncyclopedia of Business Ethics and Society (2007)

by Robert W. Kolb

A key element is for the parties to find agreement in principle, for example, that a dealer is entitled to a fair profit or a customer should not pay more for a used car than the blue book value. Thus, parties may agree on, say, the principle of ...

Google previewWorld War I: The Definitive Encyclopedia and Document Collection [5 volumes] (2014)

The Definitive Encyclopedia and Document Collection by Spencer C. Tucker

agreement in principle by all parties to renounce them utterly. The justification of such an agreement is to be found in the enormous benefits which a reduction of armaments will bring, and also in the fact that the prolongation of this ...

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Video about Agreement in principle

Agreement in principle Meaning

Video shows what agreement in principle means. A legally enforceable, but incompletely specified, agreement between parties that identifies the fundamental ...

Quotes about Agreement in principle

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