sweetheart agreement


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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.
References in periodicals archive ?
Dinger's sweetheart agreements, for which he is receiving $10,000 per month from Ronson -- $4,500 per month to "consult" and $5,500 per month to give Ronson a call option to purchase all of his common stock at $5.
When it is not bulldozing old-growth forests, MacBlo clearcuts workers' living standards by making sweetheart agreements with "rat unions" that undercut wages and benefits negotiated by other unions.