Definition, Meaning & Synonyms

interim-agreement

noun

/ˈɪn.tə.rɪm əˈɡriː.mənt/

Definition

A temporary arrangement or contract made between parties until a final agreement is reached.

Examples

The two companies signed an interim agreement to collaborate on the project while final negotiations were ongoing.
During the transition period, an interim agreement was necessary to maintain operations.

Meaning

An interim agreement serves as a provisional deal that outlines certain terms and conditions while awaiting a more comprehensive contract or settlement.