👉 In the context of a transaction, a "prelude" or "prelegate" is typically an act that precedes another event. In legal terms, it refers to the disclosure of information before it is formally disclosed in a document or other written record.
For example:
- A prelude to a lawsuit: If two parties have agreed on certain facts and elements of their dispute, they may agree to a prelude prior to formal litigation.
- A prelude to a contract: In a
prelegate