agreed in principle definition
Noun[edit] agreement in principle ‎(plural agreements in principle) (idiomatic, law) A legally enforceable, but incompletely specified, agreement between parties that identifies the fundamental terms that are intended to be or are agreed upon. 1 often foll by: with to be of the same opinion; concur. 2 also tr; when intr, often foll by: to; when tr, takes a clause as object or an infinitive to give assent; consent. she agreed to go home, I'll agree to that. 3 also tr; when intr, foll by: on or about; when tr, may take a clause as object to come to terms (about); arrive at a settlement (on) they agreed a price, they agreed on the main points. 4 foll by: with to be similar or consistent; harmonize; correspond. 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. ^ Schatzki, Michael. Noun[edit] agreement in principle ‎(plural agreements in principle) ( 1 idiomatic, law) A legally enforceable, but incompletely specified, agreement between parties that identifies the fundamental terms that are intended to be or are agreed upon.  Arabic: اتفاق من حيث المبدأ ‎(ittifaq min haithu el-mab'da) agreement in principle. Definition from Wiktionary, the free dictionary. agreement in principle ‎(plural agreements in principle) (idiomatic, law) A legally enforceable, but incompletely specified, agreement between parties that identifies the fundamental terms that are intended to be or are agreed upon. 5 foll by: with to be agreeable or suitable (to one's health, temperament, etc.) 6 tr; takes a clause as object to concede or grant; admit. they agreed that the price they were asking was too high. 7 tr to make consistent with. to agree the balance sheet with the records by making adjustments, writing off, etc. A fixed or predetermined policy or mode of action. 4. A basic or essential quality or element determining intrinsic nature or characteristic behavior: the principle of self-preservation. 5. A rule or law concerning the functioning of natural phenomena or mechanical processes: the principle of jet propulsion. 6. See: concede. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, or visit the webmaster's page for free fun content. Link to this page: <a href=http://legal-dictionary.thefreedictionary.com/agree+in+principle>agree in principle</a>. 1  Facebook.  Twitter. A basic truth, law, or assumption: the principles of democracy. 2. a. A rule or standard, especially of good behavior: a man of principle. b. The collectivity of moral or ethical standards or judgments: a decision based on principle rather than expediency. Nikolaus also announced that Donegal Mutual had reached an agreement in principle regarding Donegal Mutual's proposed assumption of management of a mutual property and casualty insurance company in the northeastern United States through the purchase of a surplus note of up to $5,000,000.
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.