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.
References in periodicals archive ?
Purchasing partnerships provide respect and support, and for organizations like Source1, there are no long-term contracts but handshake agreements, knowing that customers can vote with their feet -- just as a provider's guest might also do.
GOLDEN handshake agreements for civil servants taking early retirement or voluntary redundancies have cost the Welsh Government more than PS50m in just three years, figures show.
Buyers would hand over large amounts of cash under what amounted to handshake agreements, with title not changing hands.
We attribute our success by partnering with other growing businesses and handshake agreements dedicated to the use of each other's services, providing services nationwide and we are always looking for other great companies to share future success with.
Bill always lived up to his handshake agreements and then some," Terry said.
I've got handshake agreements with three new players but no-one has signed yet," said Mullen.
As shown in Exhibit 1, at one end of the spectrum are the simplest and most common cooperative arrangements, handshake agreements.
The language of both the 1965 contract and the 2009 amendment make clear that Newark, New Jersey-based Prudential was required to adhere to the original terms until 2009, regardless of any handshake agreements in 1999, insurance lawyer Bridgeland says.
In the Deep South, when one violates a handshake agreement or refuses to play fairly, one loses face in the business community.