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

Recent Examples on the Web

The nonbinding agreement includes a commitment among members to reduce greenhouse gas emissions, the primary cause of climate change, to avert warming beyond 1.5 degrees Celsius above the preindustrial average. —Zack Budryk, The Hill, 20 Jan. 2025

Since 2020, the United States and 51 other countries have signed the Artemis Accords, a nonbinding agreement that outlined the norms expected in outer space. —Zachary Small, New York Times, 15 Jan. 2025

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

Rhymes for nonbinding agreement

• disagreement