Understandings
/ˌʌndərˈstændɪŋz/
Definitions
- (n.) Plural of understanding; agreements or arrangements between parties often informal or preliminary in nature.
The two companies reached several understandings before finalizing the contract.
Related terms
See also
Commentary
Typically used to denote informal agreements or mutual expectations that may precede formal 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.