precontractual
Prior to binding
Precontractual describes the period or activities before a contract is formally executed.
Precontractual negotiations occur while parties are still working out terms.
Precontractual obligations may include duties of good faith or confidentiality even before signing: The company breached its precontractual duty to disclose material risks.
Preliminary accord document
- letter of intentPreliminary agreement expressing commitment
- non-disclosure agreementContract binding parties to secrecy
- term sheetPreliminary deal conditions document
- draftPreliminary version of text
preliminary agreement · proposal · outline · declaration · confidentiality agreement · expression of interest
Pre-transaction reasonable care
- misrepresentationFalse or misleading statement
- good faithSincere, honest intent
- estoppelBar against contradicting oneself
- disclosureAct of revealing information
non-disclosure · obligation · inducement · representation · capacity · confidentiality · liability · remedy
Conversations examining a topic
- bargainingNegotiating mutually acceptable terms
- proposalsFormal offers or plans
- counteroffersRevised terms in negotiation
- termsConditions of an agreement
conditions · concessions · deliberations · consultations · dialogue · offers · mediation · engagement
Mutual palm-gripping gesture
- understandingMental comprehension of something
- assuranceFirm promise or certainty
- pledgeBinding promise given
- promiseCommitment to act
goodwill · intent · accord · principles · consensus · gentleman's agreement · verbal agreement · mutual understanding
memorandum of understanding
Preliminary accord document
- letter of intentPreliminary agreement expressing commitment
- non-disclosure agreementContract binding parties to secrecy
- term sheetPreliminary deal conditions document
draft · preliminary agreement · proposal · outline · declaration · confidentiality agreement · expression of interest
due diligence
Pre-transaction reasonable care
- misrepresentationFalse or misleading statement
- good faithSincere, honest intent
- estoppelBar against contradicting oneself
disclosure · non-disclosure · obligation · inducement · representation · capacity · confidentiality · liability · remedy · reliance
discussions
Conversations examining a topic
- bargainingNegotiating mutually acceptable terms
- proposalsFormal offers or plans
- counteroffersRevised terms in negotiation
terms · conditions · concessions · deliberations · consultations · dialogue · offers · mediation · engagement · compromise
handshake
Mutual palm-gripping gesture
- understandingMental comprehension of something
- assuranceFirm promise or certainty
- pledgeBinding promise given
promise · goodwill · intent · accord · principles · consensus · gentleman's agreement · verbal agreement · mutual understanding
precontractualcontractual
Relating to formal agreements
binding · enforceable · legally binding · obligatory · executed
contract, contracted, contractor, contracts, contracting, contractual, contractile, noncontractual, precontract