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Handshake Agreement

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Handshake Agreement
An informal agreement in which major points are decided, but details may still need to be discussed. A handshake agreement is not finalized but indicates that the deal in question is likely to take place. A handshake agreement is often, but is not always, oral, rather than in writing.


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Waugh said he had a handshake agreement from EMC in January, but it took until last week to get everything signed.
Some may also note Lariviere's involvement in the Bellotti affair - his decision to ask the athletic director to resign, his handshake agreement on the severance deal and the university's delay in correcting earlier misrepresentations about the deal.
and Airbus are seeking to ensure that smaller rivals such as Canada's Bombardier abide by a 25-year-old handshake agreement limiting government subsidies of aircraft sales.
 
 
 
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