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: a contract preceding another. especially : an informal agreement of marriage made per verba de praesenti and formerly disabling one from entering into a similar contract with another person.

A pre-contract is an agreement made between a player and a club that finalises a move once the player's existing contract has expired. The player can join up with their new club immediately after the expiry of their contract.

It is often assumed that pre-contract negotiations are not legally binding. However, if not correctly managed, pre-contractual communications or documents can result in a contract being formed. Parties can become contractually bound to terms, obligations and liabilities to which they might never otherwise agree.

A pre-contract is an agreement between a player that club that commits to a move being made once the player's current deal comes to a close. This allows interested parties to line up recruitment business well before it is actually completed, with long-term planning put in place.

WHAT IS THE PRE-CONTRACT PHASE IN CONTRACT MANAGEMENT? This first phase is that in which two parties have a desire to work together. There is a good reason, interest, and intent to do so. Bringing two parties together for an agreement provides a net benefit to both, be it for financial or strategic reasons.

A pre-contract is an agreement made between a player and a club that finalises a move once the player's existing contract has expired. The player can join up with their new club immediately after the expiry of their contract.

Among the contract management stages, the pre-contract phase is arguably the most important. This is the phase at which a general idea starts to germinate. Here, the intent and concept of the work and relationship form. It structures the outline of why the two parties are coming together on a project.

Such documents are normally used to outline the general key commercial terms or principles of a proposed deal or project and may often be negotiated or drafted without consideration as to the legal effect and / or without legal assistance.