gentleman's agreement

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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
References in periodicals archive ?
Elsom said: "We disagree on the gentlemen's agreement I didn't believe that there was one.
Elsom said: "We disagree on the gentlemen's agreement - I didn't believe that there was one.
O'Neill said: "I had a gentlemen's agreement with Sir Rodney Walker and John Elsom that in the circumstances (turning down the Everton job in the summer) I would have the right to talk to other clubs.
It would suggest a gentlemen's agreement among carriers to not be as competitive as they might be.
I didn't make a big song and dance about this gentlemen's agreement because I never expected a club of Leeds' stature to want me.
O'Neill, offered a massive pay rise to put him on pounds 600,000 per season at Filbert Street, insisted earlier: "I have a gentlemen's agreement following the Everton business during the summer that I can talk to other clubs.
I didn't make a big song and dance about this gentlemen's agreement initially, because I never expected a club of Leeds' stature to want me.
Its aviation spokesman Tom Brake said: "It would suggest there might be a gentlemen's agreement among carriers flying the main business routes to not be as competitive as they might be.
But Gold said: "I don't think contracts matter a hoot, because it always seems these days there are gentlemen's agreements as well - more like Mickey Mouse agreements.