Handshake Agreement


Also found in: Dictionary, Thesaurus, Encyclopedia.

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 ?
After a CDO registers an employee's handshake agreement on his or her new assignment, the AO reviews it to identify issues potentially affecting the assignment.
As shown in Exhibit 1, at one end of the spectrum are the simplest and most common cooperative arrangements, handshake agreements. These are essentially informal agreements between jurisdictions that only require interaction on an as-needed basis.
We've had a handshake agreement with a lot of mills that we'll keep shipping to them as long as their prices are fair, whether pricing is going up and we could figuratively hold them to the fire, or when it's down.
"Within 10 minutes we came to a handshake agreement," Wehmeier now says.
In the Deep South, when one violates a handshake agreement or refuses to play fairly, one loses face in the business community.
Among the issues discussed were the IRS's interviewing of business people, taxpayers' signing off on Form 5701s after a handshake agreement, the challenge of getting information from a downsized tax department, and adding years to the audit cycles.
Over the last 12 years, conservation representatives have contacted close to 1000 landowners and over 500 have committed to a handshake agreement to conserve their land.
Mr Alan Howells, an International Executive Service Corps volunteer working with The Monitor, says that he obtained an agreement with Blantyre Printing & Publishing but was told there would have to be a handshake agreement that the paper would not be uncomplimentary to Dr Banda.
Operated by devout Mennonites, highly skilled and creative in metalwork, a handshake agreement with Oze sealed the deal, a throw-back to old-world customs.
Spelhaug, who joined Aldus a week before acquisition talks got under way, says the basic framework of the deal existed from the beginning: After a five-hour meeting at Fall Comdex, Aldus president Paul Brainerd and Silicon Beach president Charlie Jackson emerged with a handshake agreement that defined the rest of the negotiations.
But Ziggler has confirmed he is still with the WWE after revealing that he has a "handshake agreement" at the moment.
Both parties reached a handshake agreement in July for the 11th production batch.