Noun
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.
“What we have right now is an agreement in principle between Comelec Chairman Sixto Brillantes and Justice Secretary Leila de Lima to hold a joint investigation. Source: Internet
Talks on pushing ahead the Trans Pacific Partnership (TPP) trade deal without the United States reached a critical point on Thursday as ministers from the 11 countries discussed a proposed agreement in principle. Source: Internet
The decision may be moot, because Omnitrax reached an agreement in principle last month to sell the railway, along with the Port of Churchill, to the northern consortium. Source: Internet