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The phrase 'draft agreement' is correct and usable in written English.
You can use it when referring to a preliminary agreement or contract between two or more parties that has yet to be finalized and made official. For example: "We have completed a draft agreement detailing our plans for the new project."
Exact(60)
A draft agreement is there.
2. Anchor the discussion with a draft agreement.
South Africa, Pakistan and Chile also endorsed the draft agreement.
As countries examined the draft agreement, ministers started raising concerns.
The 585-page draft agreement creates a standstill transition period.
This draft agreement is far from ideal for the UK.
Late on June 27th, the officials produced a draft agreement.
"I'm supposed to vote on a draft agreement that no longer exists," she said.
By 2025 the draft agreement undertakes to improve on that "from a floor of $100bn".
"But it doesn't do what the draft agreement that the administration rejected would have done".
It was not immediately clear if news of the draft agreement would avert further action.
Related(20)
text agreement
proposal agreement
initiative agreement
project agreement
plan agreement
planning agreement
draft contract
tentative agreement
provisional agreement
draft arrangements
draft contracts
drafted agreement
draft night
draft counter
draft lottery
draft manuscript
draft thesis
draft prospect
draft pick
draft dodging
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com