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Handshake Agreement
(redirected from Handshake Agreements)

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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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Casino operators and others doing business in Macau say that not paying Suen, regardless of the lawsuit’s merits, has damaged the company’s reputation in Asia, where handshake agreements are common and verbal promises are honored in spite of changed circumstances.
Bill always lived up to his handshake agreements and then some," Terry said.
However, far too many landlords rely on informal leases, generic lease forms, or handshake agreements when renting out a property.
 
 
 
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