"We've signed a comprehensive term agreement for 25 years," Mr. Silver said.

These contracts tend to be long term agreements, typically 10 year terms.

The studio and the developer said the term agreement was a significant step toward a final agreement and, ultimately, construction.

"The only thing that would make us happier would be to get a longer term agreement, and now is the time to do it."

This concept may gag on the "long term financial agreement."

Already in the middle of 2008 the significant drop in prices for solar wafers led to disputes over those long term agreements.

This bipartisan extension will make room for a longer term agreement, and it's the right thing to do.

The arrangement worked so well that the two parties came to a long term agreement.

Failure of the supercommittee to come to a long term agreement is a matter of grave concern.

A term agreement has a built-in expiration date.