agreement

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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

or

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 ?
In other words, Israel will be able to further exploit this deception by claiming that an Interim Agreement calling for only a partial withdrawal of Israeli troops from Palestinian Lands, when coupled with peace treaties with Jordan, Syria and Lebanon, will constitute a fulfillment of the literal terms of Resolution 242.
are currently not tied together by a trade agreement. The proposed and controversial TTIP (Transatlantic Trade and Investment Partnership) agreement that should have bridged the divide has failed, even though the parties left a door open to revive talks in the future.
And the Nethercutt Amendment cuts off certain types of economic aid for countries unwilling to sign such agreements, including assistance related to disability issues, the promotion of democracy, and the curbing of human trafficking.
AIA Form Agreements provide for a mutual waiver of consequential damages.
All of these sovereignty-sapping trade agreements have been negotiated under "fast track" or "trade promotion authority" (TPA), under which a president is permitted to negotiate not just a particular trade agreement, but also to craft the implementing legislation needed to "harmonize" U.S.
It would create management agreements in which the co-owners could participate.
The HIV protease inhibitor project is valued atEUR 64m, of which EUR 2m is a license fee due on signing of the agreement. Medivir is entitled to royalties from worldwide sales of future products, except for the Nordic market where Medivir has retained marketing rights.
As such, before signing these types of agreements or contracts, ensure that your firm has considered the following risk management steps and has provided for the potential additional liability risks:
Moreover, as discussed above, the exceptions do not address agreements that might be swept into the provision by the overbroad definition of "restrictive covenant."
In 2003, the professional associations of Ontario (APGO) and Quebec (OGQ) signed a bilateral mobility agreement covering temporary and incidental practice.
Buyers striving to survive an auction process are making a significant effort to be better informed about the quality of a target's assets and exposures, and are using that data to negotiate an agreement that will win them the deal and mitigate their risk.
The central concern of the agreements is water diversions, or the permanent removal of water from the lakes--for example, to supply drinking water to several towns.
I will review below a couple of hurdles to the termination of non-renewal of Japanese distributors and offer some tips on the selection of distributors and the structuring and administration of distribution agreements, all to improve your prospects of successfully terminating your Japanese distributor and moving to a new sales channel.
One segment of risk that is often overlooked in the risk management process is the risk assumed by your camp organization in various contracts or agreements.
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