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formal contract

   Also found in: Wikipedia 0.03 sec.
See: treaty


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? Mentioned in ? References in periodicals archive
 
The companies are currently discussing the terms of a formal contract, targeting November for this year for establishment of the joint venture.
The deadline for the leasing commitments is September, when the Port Authority is scheduled to approve a conceptual framework agreement it signed with Silverstein Properties in April that outlines, but does not yet make into a formal contract, the plan to redevelop the WTC site and give the Port Authority control over the Freedom Tower.
Since no formal contract exists, this can be done without recourse.
 
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