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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 Republicain Party aides, in the United States, said lawmakers had reached an agreement in principle on the final package. They spoke on condition of anonymity because they were not authorized to talk publicly about private negotiations as reported by the Associated Press.[2]

ReferencesEdit

  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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