Define: In principle approval
In principle approval means the initial acceptance by an authoritative entity for a proposed action subject to fulfillment of set conditions.
In principle approval means the initial acceptance by an authoritative entity for a proposed action subject to fulfillment of set conditions.
Relevant Circumstances
- Proposal for new hires or promotions.
- Introduction of novel services.
- Initiation of a new partnership.
- Purchase or sale of business shares.
- Sale of an entire business.
Relevant Sectors
- Human Resources
- Legal
- Business Management
- Finance