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Related to agreements: Partnership Agreements

agreement in principle

An agreement in which the general terms and/or conditions of a deal are accepted without the complete details having been specified or necessarily agreed upon. There was an agreement in principle that the government would cover the cost of building a new school, but so far we haven't seen a clear proposal on how this would be accomplished.
See also: agreement, principle

gentleman's agreement

A legally non-binding arrangement that is guaranteed only by a verbal or mutually understood agreement by the parties involved. Though my father left me his entire estate in his will, I made a gentleman's agreement with my brother to share the wealth equally between us.
See also: agreement

reach an agreement

To achieve some accord, settlement, or compromise (with someone), especially after a period of debate, argument, negotiation, etc. The state prosecutors say they have reached an agreement with CEO regarding his suspected involvement in the racketeering allegations. The heads of state reached an agreement to implement a new trade deal between the six countries.
See also: agreement, reach

reach an accord

To achieve some agreement, settlement, or compromise (with someone), especially after a period of debate, argument, negotiation, etc. The state prosecutors say they have reached an accord with CEO regarding his suspected involvement in the racketeering allegations. The heads of state reached an accord to implement a new trade deal between the six countries.
See also: accord, reach

sweetheart agreement

1. An industrial agreement made between an employer and local labor union officials containing terms beneficial to the employer without the knowledge of the employees, typically in exchange for money to the union or its leaders. It was later discovered that the union leader had made a sweetheart agreement with the company that eliminated employees' right to strike in exchange for a hefty yearly bonus for himself. The automotive manufacturer decided to move its factories to a different country, where it established a sweetheart agreement with the local labor union to pay workers substantially less than those previously enjoyed by American employees.
2. Any kind of agreement or contract that is mutually beneficial two the two parties directly involved, typically at the expense of a third party that is not privy to the agreement. It turns out the athletic director had in place a sweetheart agreement with the national athletics association, essentially receiving kickbacks every time one of his athletes performed well. The charity has come under fire for what some are calling a sweetheart agreement with a for-profit events organizer that receives nearly 40% of the annual donations the charity receives.

in agreement

(with someone or something) in conformity with someone or something; agreeing with someone or something. We are in total agreement. I am in agreement with your proposal.
See also: agreement

reach an accord (with someone)

 and reach an agreement (with someone)
to come to an agreement with someone. I hope that we can reach an accord with the union so work can start again. We will try one more time to reach an agreement with you. We reached an agreement and signed a contract.
See also: accord, reach

sweetheart agreement

 and sweetheart deal
a private agreement reached between a public agency or government official and a private company that includes illicit payments or special favors. They found that the mayor was involved in a number of sweetheart agreements. Most of the building contractors in town would be out of business if they didn't have sweetheart deals with the local politicians.

a gentleman's agreement


a gentlemen's agreement

A gentleman's agreement or a gentlemen's agreement is an informal agreement that is not written down but in which people trust one another to do what they have promised. We had no contract; it was done by a gentleman's agreement. I'm hoping we can come to a gentlemen's agreement, Colonel.
See also: agreement

a gentleman's agreement

an arrangement or understanding which is based on the trust of both or all parties, rather than being legally binding.
1991 Charles Anderson Grain: Entrepreneurs There had been a ‘gentleman's agreement’ by the Grain Growers not to enter the markets of Saskatchewan Wheat Pool's predecessor.
See also: agreement

a ˌgentleman’s aˈgreement

(also a ˌgentlemen’s aˈgreement) an agreement, a contract, etc. in which nothing is written down because both people trust each other not to break it: ‘Why don’t you tell him you don’t want to sell it now?’ ‘I can’t possibly. It was a gentleman’s agreement and I must keep to it.’
See also: agreement
References in periodicals archive ?
There is generally no milestone date provided for final completion in AIA Form Agreements.
AIA Form Agreements provide for a mutual waiver of consequential damages.
Based on these facts, the IRS concluded that the cumulative effects of the VPFs, pledge agreements and share-lending agreements resulted in a common law sale of the pledged shares when the counterparty borrowed the shares.
In addition, some of the agreements attempt to broaden the professional responsibilities of the CPA firm, primarily in the area of fraud detection (see "Scope of Audit" in Example 1).
17 to reach an accord before Judge Allan Gropper was to have ruled on Northwest's request to cancel its labor agreements but were given an extension through March 1.
The court, by rejecting precedent, made it more important that these agreements meet all the requirements and not just the one involving enforceability.
Distribution agreements usually have a fixed term of one to three years.
It sounds simple enough and some agreements are as simple as someone coming in once in a while to update the system or monitor how it is running.
Changing the time at which the disclosure of merger and acquisition (M&A) agreements must be permitted by eliminating the "earlier of three events" rule of Treas.
Through arbitration agreements, parties present their case to a neutral third party empowered to render a decision, instead of to a judge, jury or administrative agency.
Congress is divided on the scope and purpose of trade agreements, and the American public is deeply ambivalent about trade liberalization.
Thus, the Palestinian delegates have been given an independent and international legal personality for the purpose of these negotiations and agreements.
End-user agreements with the Department of State and NAMSA will greatly improve the F/A-18 FMS communities stature during possible multi-national operations.
Air pollution never respects international boundaries, but in recent months a spate of meetings and months a spate of meetings and agreements has shown international governments to be more willing than ever to try to limit the amount of their air pollution that drifts into other countries.
The Federal Reserve Board on April 30, 2004, announced the execution of a written agreement by and among Cache Valley Banking Company, Logan, Utah; the Cache Valley Bank, Logan, Utah; the Utah State Department of Financial Institutions, Salt Lake City, Utah; and the Federal Reserve Bank of San Francisco.
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