Due to the fact that Taiwan Strait Crises arose between 1955 and 1956, the US government was prompted to review its policies toward Taiwan Strait. Since 1998, some heavyweight American scholars who tried to build a new interactive structure between bothsides have suggested the ideas and claims such as "interim agreements" and "Modus Vivendi". Later, the similar points were also brought up from the Clinton government. Although the opinions about "interim agreements" seemed to disappear from the US official proclamations after 2001, when the Bush government has took office, it is still a hot issue on political operations. China and Taiwan keep bringing in all kinds of ideas toward Cross-Strait Relations, but since the Ma government took office in Taiwan, the "Cross-Strait Peace Agreement" has become the key point on dealing with Cross-Strait relations. Even the fact that "Cross-Strait Peace Agreement" has only preliminarily developed, some issues and aspects which may be involved could still be clarified through academic researches. And because the so called "Peace Agreement" is much like a concept now, we might only judge and analyze it by the contents that might be involved. No matter these contents are legal, political, or functional, the complexity of them and the influences from home and abroad may all make differences; therefore, Taiwan's reactive strategies may also differ. Based on the reasons mentioned above, the article will emphasize on the different contents the Peace Agreement may refer to, and to further confer the legal and political concepts which may be involved; moreover, to be the references for Taiwan's future strategies.