Baseline Agreement
/ˈbeɪslaɪn əˈɡriːmənt/
Definitions
- (n.) A contract establishing the fundamental terms, conditions, and obligations that serve as a reference point for subsequent agreements or negotiations.
The parties executed a baseline agreement before negotiating specific project details.
Forms
- baseline agreement
- baseline agreements
Related terms
See also
Commentary
Baseline agreements are often used in complex transactions to set initial parameters, helping streamline later detailed contracts.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.