Outrageously Funny Word Dictionary :: Preagreement

👉 In legal terms, a pre-agreement is an agreement that was not formally agreed upon or negotiated between two parties. It is often used in situations where one party has made a promise to another without actually doing so, such as when one party makes a commitment without consideration. Pre-agreements are typically considered voidable at the time of their formation or by mutual consent.

preagreement

👉 Preagreement is a concept in business and law that refers to a situation where two or more parties agree on certain terms without any formal negotiations or discussions. In this context, "preagreement" means that there has been no actual discussion or negotiation of the agreement, but rather an understanding or agreement between the parties involved. For example, if two companies have agreed to form a joint venture, they may not need to go through a formal negotiation process and instead agree on terms as soon as possible

preagreeing