Crossword Genius

Deals reached in parking laws (5)

Ross

I believe the answer is:

pacts

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'deals' is the definition.
(I know this)

'parking laws' is the wordplay.
'parking' becomes 'p' (abbreviation on road signs).
'laws' becomes 'acts' (I've seen this before).
'p'+'acts'='PACTS'

'reached in' is the link.
This may not be right. Some or all of it may be part of another bit of the clue.

Can you help me to learn more?

(Other definitions for pacts that I've seen before include "Accords, treaties" , "Agreements" .)

I've seen this clue in The Globe and Mail.
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