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Gentleman's Agreement |
Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia, Hutchinson | 0.02 sec. |
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Gentleman's Agreement An unwritten agreement or transaction backed only by the integrity of the counterparty to actually abide by the terms of the agreement. An agreement like this is not legally binding and could have a negative effect on business relationships if one party decides to default on their promise. Notes: For example, if an employee at a company says they will get you a job and you have nothing to worry about, this is an example of a gentleman's agreement. However if they are unable to get you the job then you have no legal recourse. |
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? Mentioned in | ? References in periodicals archive | |
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In fact, the SBA is so averse to having a 504 real estate loan used as speculation, Garcia made a gentlemen's agreement not to sell out. gentlemen (root word)[right arrow]a gentlemen's agreement He was caught in the middle of a firestorm of debate after the Infineon Raceway event in Sonoma, where Robby Gordon passed him under a caution flag and went on to win the race, thus breaking a gentlemen's agreement between drivers not to pass under yellow. |
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gentlemen's agreement
