<Tr> <Td> <Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> </Td> </Tr> <Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> <P> The Munich Agreement was a settlement permitting Nazi Germany's annexation of portions of Czechoslovakia along the country's borders mainly inhabited by German speakers, for which a new territorial designation, the "Sudetenland", was coined . The agreement was signed in Munich, Germany on the early hours of 30 September 1938 (but dated 29 September) after being negotiated among the major powers of Europe, excluding the Soviet Union . The purpose of the conference was to discuss the future of the Sudetenland in the face of demands made by Adolf Hitler . The agreement was signed by Germany, France, the United Kingdom and Italy, but not Czechoslovakia, which was not invited to the conference The Sudetenland was of immense strategic importance to Czechoslovakia, as most of its border defenses and banks were situated there, as well as heavy industrial districts . The Agreement was soon followed by dismemberment of the Czech state . </P> <P> Today, it is widely regarded as a failed act of appeasement, and the term has become "a byword for the futility of appeasing expansionist totalitarian states". </P>

When was the munich pact signed what was its importance
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