nonbinding agreement

noun

law
: an agreement that cannot be enforced by law
We entered/signed a nonbinding agreement to buy our competitor.

Examples of nonbinding agreement in a Sentence

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Complete financial details of the nonbinding agreement are yet to be released. Mark R. Weaver, Newsweek, 3 Dec. 2024 The sale is part of a nonbinding agreement between the two companies that is anticipated to close during the first quarter of next year, GM said. Michael Wayland, CNBC, 2 Dec. 2024 There has also been heavy pushback from a handful of nations that favor a nonbinding agreement without restrictions on plastic production. Hiroko Tabuchi, New York Times, 24 Nov. 2024 The City Council will vote on a nonbinding agreement between the two that outlines the next steps in the negotiations, at the April 1 meeting. Maritza Dominguez, The Arizona Republic, 25 Mar. 2024 The Capitals and Wizards could move to Virginia The owner of the Washington Wizards and Capitals has reached a nonbinding agreement to move the teams from downtown D.C. to a future arena in Northern Virginia as soon as 2028. Teo Armus, Washington Post, 24 Mar. 2024 The owner of the Washington Wizards and Capitals has reached a nonbinding agreement to move both teams from their home in downtown D.C. to a future arena in Northern Virginia. Teo Armus, Washington Post, 17 Feb. 2024 Why the deal, subject to a nonbinding agreement, was all becoming public now. Teo Armus, Washington Post, 28 Dec. 2023 Earlier this month, Virginia Gov. Glenn Youngkin (R) and Ted Leonsis, founder of Monumental Sports & Entertainment, parent company of the Caps and Wizards, announced a nonbinding agreement to move the teams to the Potomac Yard neighborhood in Alexandria by 2028. Tim Carman, Washington Post, 20 Dec. 2023

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Cite this Entry

“Nonbinding agreement.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/nonbinding%20agreement. Accessed 21 Dec. 2024.

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