Define: "Agreed in Principle" in Business
High risk of unnecessary meetings
"A verbal agreement is a myth. Do not lift a finger until the PO is signed and the hardware tracking number is in your inbox."
"A mutual understanding to proceed with a general concept, pending final negotiation of specific details."
What does "Agreed in Principle" actually mean?
"The ultimate corporate smokescreen meaning leadership verbally said yes just to get you off the bridge call but will absolutely deny your purchase order later."
"We have agreed in principle on the new remote work policy and will finalize the details shortly."
""The CFO agreed in principle to buy the new Juniper firewalls, meaning I will be troubleshooting the legacy gear until I retire.""
By The Chief Waste Officer
18 years in the corporate trenches quantifying waste so you don't have to.
Related Terminology
Tired of hearing this?
Next time someone says "Agreed in Principle" in a meeting, track exactly how much company money they just wasted. Play Buzzword Bingo, generate a waste invoice, and stop the bleeding.
