definitive agreement
A "definitive agreement" is crucial in finalizing and legally binding significant business transactions, particularly in mergers and acquisitions.
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Definition
C1Business Transactions
(formal, legal)A legally binding document that specifies the final terms and conditions of a transaction between parties.
Example
- The companies signed a definitive agreement to merge by the end of the year.
- A definitive agreement was reached after months of negotiations.
C2Mergers and Acquisitions
(technical)A contract outlining the final terms and conditions of a merger or acquisition, overriding any previous agreements.
Example
- The definitive agreement detailed the purchase price and the responsibilities of each party.
- Upon signing the definitive agreement, the acquisition process officially began.
Similar
Terms that have similar or relatively close meanings to "definitive agreement":