nonbinding agreement

noun

Definition of nonbinding agreement

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

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“Nonbinding agreement.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/nonbinding%20agreement. Accessed 22 Jun. 2021.

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