The Definition of Tentative Agreement

A tentative agreement, also known as a “tentative deal,” is a term used to describe a preliminary agreement or settlement between two parties. This type of agreement is often used in negotiations to establish the framework for a more formal agreement.

A tentative agreement is not legally binding, although it does establish a general understanding between the parties involved. It is essentially a statement of intent, outlining the terms and conditions of the proposed agreement.

The term “tentative agreement” is often used in the context of labor negotiations or collective bargaining. In these situations, the parties involved may come to a tentative agreement on certain terms and conditions, such as wages and hours, but will need to finalize the agreement through a formal process, such as a vote by union members or ratification by management.

In many cases, a tentative agreement serves as a starting point for further negotiations. Both parties may come to the bargaining table with their own proposals and demands, and a tentative agreement can help establish a common ground for further discussion.

It is important to note that a tentative agreement is not set in stone. Both parties may need to make further concessions or adjustments as the negotiation process continues. Ultimately, the goal is to reach a final, binding agreement that satisfies both parties.

In conclusion, a tentative agreement is a preliminary agreement or settlement between two parties that is not yet legally binding. It serves as a starting point for further negotiations and establishes a general understanding of the terms and conditions of the proposed agreement. While a tentative agreement is not set in stone, it is an important step in reaching a final, binding agreement that satisfies both parties.