The formula and revised time-table for the restoration of power sharing will be scrutinised by both nationalists and unionists politicians over the days and weeks ahead.
The road map back to power-sharing was put to all sides after three days of intensive negotiations that could result in the return of the institutions by March of next year.
November 10th is the deadline for all parties to respond to the plans before following a series of carefully choreographed moves on policing and sharing power.
The St Andrews Agreement, named after the Scottish town where the talks are being held, would then have to be endorsed by the electorate next March before ministers are nominated and power sharing finally restored.
The Dup leader Ian Paisley concedes that some progress has been made
"The Democratic Unionist Party has never broken any pledge it has made,” Paisley said.
"And I have never made pledges that I have never fulfilled. We will meet the requirements but the IRA Sinn Féin has got to meet those requirements. When they do we will really be on the way to peace for our people."
The Sinn Féin president Gerry Adams struck a cautiously hopeful note.
He said he now consult with the rest of his party and the wider republican family
"There are big challenges,” he said.
“I'm not going to get into the detail of this. You haven't had the chance I'm sure to read it in depth. So let's all read it, let's all consult about on it, but in essence, is there a big challenge? Yes. As I said in my opening remarks, there are challenges here, for everyone, including both governments."