Say you sell wizards from the university of manchester. Say I want a wizard from the university of manchester. If you and I sign a document that says umanwizar

Say you sell wizards from the university of manchester. Say I want a wizard from the university of manchester. If you and I sign a document that says umanwizard sells me a umanchesterwizard with all the little deets like price and timing of delivery and such, then we've reached an agreement. If you and I sign a document that says we will put together a purchase in the future, however, we explicitly are acknowledging that we haven't signed the aforementioned document yet. Depending on the facts and jurisdiction, some places deal with these situations differently, but in common law generally an agreement to agree is not the agreement, and is a non-binding promise. That said, this is very general and you should speak with a lawyer (because i am not yours) if you want a fast and firm answer in a specific situation.