On appeal, the Court of Appeal agreed with the High Court, noting that “for further time, another agreement must first be reached between the parties”, as agreed at the SPA. For this reason, your electricity company can set its rates and your cable TV company can change the channels available in your plan, even if you have not “consented” to it. This article briefly identifies the different forms that can take preliminary agreements, discusses some of the most important issues to consider at the beginning, and some of the pros and cons of investing time in developing and signing a pre-agreement. . . .