What does AIP stand for in business?

Agreement in principle

An AIP, or agreement in principle, is a set of terms to which two businesses (or other parties) have agreed, without signing an actual contract. Typically, these AIPs are beneficial for both parties.

In most cases, AIPs are placeholders for soon-to-be-signed contracts, which will make the details of the agreement legally binding (and may include changes to the AIP). Opinions differ on whether AIPs themselves are legally enforceable.


We've outlined an AIP and want to circle back on a finalized contract next week
Sounds good; I'll take a look at the AIP today
AIP stands for "agreement in principle"
AIP stands for "agreement in principle"

Related Slang


Updated August 29, 2023

AIP definition by

This page explains what the acronym "AIP" means. The definition, example, and related terms listed above have been written and compiled by the team.

We are constantly updating our database with new slang terms, acronyms, and abbreviations. If you would like to suggest a term or an update to an existing one, please let us know!