REACH TENTATIVE AGREEMENT Meaning and
Definition
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"Reach tentative agreement" is a phrase used to describe a stage in a negotiation process where the parties involved have come to a preliminary or provisional understanding on certain terms or issues. It implies that there is an intention to move forward with the agreement, but it is not yet considered final or binding.
When negotiating a deal or resolving a dispute, reaching a tentative agreement signifies that progress has been made and there is a mutual willingness to find common ground. The parties involved have typically engaged in discussions, exchanged proposals, and negotiated the terms within certain parameters. A tentative agreement is often reached after compromises and concessions from both sides.
The term "tentative" indicates that the agreement is still subject to further review or refinement before it can be considered a final and enforceable contract. This additional step may involve seeking input from stakeholders, legal advisors, or higher-level decision-makers. It also allows for any outstanding concerns or unforeseen issues to be addressed and incorporated into the final agreement.
Tentative agreements provide an opportunity for the parties involved to test the waters, assess the feasibility of the proposed terms, and gather feedback from stakeholders before proceeding to its formalization. It signifies an interim stage of negotiation, where parties have reached a preliminary understanding but are still in the process of finalizing the finer details and concluding the negotiations.
