The process of nailing down the basics of the agreement leads to an agreement in principle, in which both parties arrive at a set of generally agreed-upon terms that will be used in the final contract. This is essentially the foundation of the contract, used when drafting the language because it includes everything the parties have negotiated.
A number of things can upset an agreement in principle. For example, when a bank reaches one with a customer and pre-approves a mortgage , the bank may later decide after additional investigation to change the terms, offering less money or a higher interest rate on the basis of newly learned information about the customer.
Likewise, when diplomats reach this sort of agreement with their negotiating powers and take it home, government officials may reject or request modification to some of the terms.
The agreement is not legally binding because it has not been finalized. Fred US English. Tessa South African.
How to say agreement in principle in sign language? Numerology Chaldean Numerology The numerical value of agreement in principle in Chaldean Numerology is: 4 Pythagorean Numerology The numerical value of agreement in principle in Pythagorean Numerology is: 6. Examples of agreement in principle in a Sentence Daniel Pollack : If and when there is a signed Agreement in Principle reached between those or any other parties, I will announce it as Special Master.
The US and China : We do have out of today's conversation an agreement in principle to hold a virtual bilateral meeting between the leaders before the end of the year, we think it's particularly important for the leaders taking more of a role in managing this relationship and through, including through, ongoing discussion directly between the two of them. State John Kerry : We have reached a provisional agreement in principle on the terms of a cessation of hostilities that could begin in the coming days, the modalities for a cessation of hostilities are now being completed.
State John Kerry : And I believe that in the conversation that we had, we have reached a provisional agreement in principle on the terms of a cessation of hostilities that could begin in the coming days. Stranch Jennings : We are pleased that after four-plus years of litigation that we have been able to reach an agreement in principle with Endo, and are grateful to the communities of northeast Tennessee for their support in this landmark prosecution.
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Notify me of new comments via email. Cancel Report. Create a new account. Log In. Powered by CITE. Are we missing a good definition for agreement in principle? Don't keep it to yourself Submit Definition. The ASL fingerspelling provided here is most commonly used for proper names of people and places; it is also used in some languages for concepts for which no sign is available at that moment.
There are obviously specific signs for many words available in sign language that are more appropriate for daily usage. A trading halt may also be imposed by the Exchange where the Corporation fails to file the supporting documents relating to the Qualifying Transaction within a period of 75 days after public announcement of the Agreement in Principle or if the Corporation fails to file post-meeting or final documents, as applicable, within the time required.
Earth Exploration, by signing the Agreement in Principle , makes no admission that any employee of Earth Exploration deliberately violated any NRC requirements and this agreement is settlement of a disputed claim in order to avoid further action by the NRC.
Agreement in Principle means any enforceable agreement or any other agreement or similar commitment which identifies the fundamental terms upon which the parties agree or intend to agree which:.
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