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 ?
UPS is pleased that we have reached handshake agreements (Tentative Agreement, or TA) with Teamsters Locals 705 and 710.
Professionals in the art world increasingly prefer to put paperwork in place rather than operating, as in the past, on the basis of handshake agreements. Consignment agreements, sale terms and conditions, artist agreements, loan arrangements using art as collateral, and financing agreements to enable art purchases are becoming more commonplace, and it is such documents that could include clauses to send disputes to arbitration rather than court litigation.
Likewise, there is no glossing over Paige's constant movement among Negro League teams, leagues, and entire baseball playing areas of North and South America, contractual or handshake agreements notwithstanding.
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.any cars are generations removed from the original title holder, meaning ownership will have to be untangled once the new regulations take effect.
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.”
Without a doubt, the days of handshake agreements are long gone.
"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. These are essentially informal agreements between jurisdictions that only require interaction on an as-needed basis.
In a swipe at Hollywood's legendary handshake agreements, the judges said the issue of a letter -- sent by Warners to Columbia to reiterate its claims to the project -- "certainly doesn't seem to be a priority until a relationship disintegrates into court proceedings.
While oral or "handshake agreements" are sufficient to bind partners together, a written agreement should be drawn between the partners.
Bill informed me he didn't deal with lawyers and that everything was a handshake agreement and that is the way it was.