A mutual understanding between two or more legally competent individuals or entities that they will later enter into a contract even though the contract’s exact terms have not yet been decided; non-binding.

"> A mutual understanding between two or more legally competent individuals or entities that they will later enter into a contract even though the contract’s exact terms have not yet been decided; non-binding.

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Agreement to agree

A mutual understanding between two or more legally competent individuals or entities that they will later enter into a contract even though the contract’s exact terms have not yet been decided; non-binding.