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.[1] Or another example might be tax reform, top Republican Party aides, in the United States, said lawmakers had reached an agreement in principle on the final package.[2]

References
  1. Schatzki, Michael. "Agreement in Principle". Negotiation Dynamics. Archived from the original on 2012-05-04. Retrieved 2012-03-13.
  2. https://www.ap.org/en-us/


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