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Related to agreement: Partnership agreement

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 ?
AFN chief Phil Fontaine, who gave the keynote address at the conference, described the agreement as "a complex agreement struck by diverse interests" but said that it was the AFN's view that it was "fair, just and comprehensive" and that it would "enable us to turn the page of our tragic history.
He also urged frontline workers, many of them former students themselves, not to dwell on how much lawyers are going to benefit from the agreement.
Most significantly, the agreement must provide for either a lump sum, fixed-price cost or a guaranteed maximum price (GMP).
In that case, the taxpayer's obligations under the VPF to deliver the shares could be offset with the counterparty's obligations to return the shares under a share-lending agreement.
You don't have to accept the terms as written in an agreement, preprinted or not (Examples 1 and 2 show how an agreement can be revised to be more appropriate for an accounting firm.
Northwest Airlines and its pilots continued to negotiate on a concessionary agreement yesterday even as a ruling by the bankruptcy court on the carrier's bid to impose a new contract was believed to be imminent.
The agreement provided for the division of tax obligations and refunds if and when joint returns were filed.
The Federal Reserve Board on June 3, 2004, announced the execution of a written agreement by and among Utah Bancshares, Ephraim, Utah; the Bank of Ephraim, Ephraim, Utah; the Utah State Department of Financial Institutions, Salt Lake City, Utah; and the Federal Reserve Bank of San Francisco.
As a general rule, the more investment that a distributor is contractually or practically required to make in order to develop a market for the supplier's products in Japan, the more difficult or expensive it will be to terminate the distribution agreement.
A service level agreement really outlines scope," says Castonguay.
4) For example, a vendor may wish to safeguard the pricing terms of an agreement in order to prevent other customers from negotiating a better price or a competitor from offering a superior bid.
Unfortunately, the case leaves open the question of whether the EEOC would be bound by: (1) an employee's execution of a signed settlement agreement, or (2) an arbitration award or judgment.
Agency: Traditional agency law principles may also bind a nonsignatory to an agreement to arbitrate.
A guide for selling trade agreements to a wary American public.
Since this is undeniably the case, we will have a very difficult time getting the Israelis and the Americans to live up to any commitments that they make in writing about an Interim Agreement, let alone a Final Settlement.