Pre-Contract
/ˌpriːˈkɒntrækt/
Definitions
- (n.) An agreement or understanding reached between parties before the formation of a formal contract, setting preliminary terms or intentions.
The parties signed a pre-contract outlining the main terms before drafting the final agreement.
Forms
- pre-contract
- pre-contracts
Related terms
See also
Commentary
A pre-contract is often non-binding and serves to clarify intentions before detailed contract negotiation or execution.
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.