Word: precontract
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...Agnelli took over the company's chairmanship on the eve of a major new venture. Russia is expected to sign in a few days a "precontract" for the construction of a $600 million auto plant in Russia. Half of the plant will be purchased from Fiat. If the contract goes through, the plant will be opened in 1970 and will eventually turn out 500,000 modified Fiat 124s annually...
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