agreement in principle

"Agreement in principle" refers to a preliminary understanding or consensus between parties involved in a negotiation or discussion. It signifies a general acceptance of the main terms or key aspects of an agreement, while leaving room for further details, conditions, or legal formalities to be worked out. It represents an initial commitment to proceed towards a final agreement, but it is not legally binding without the execution of a formal contract or further steps. An agreement in principle is often seen as a foundation or framework upon which a more comprehensive agreement can be built.