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sweetheart contract

   Also found in: Wikipedia 0.01 sec.
sweetheart contract

A contract entered into by related parties who do not negotiate aggressively for the best terms and conditions and which usually has the effect of costing a third party more money than would otherwise be necessary under the circumstances.At one time it was common for developers to retain title to recreational amenities in a subdivision or condo project and charge high rents for their usage.This has largely been regulated out of existence,but such sweetheart contracts always seems to arise in some other guise.



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To put teeth into that, the council must take a stand against these rate hikes and put the DWP on notice: There will be no more lavish raises, no more sweetheart contracts, no more bad decisions or poor performance without people being held accountable.
From fast ferries to sweetheart contracts to friends to outright lying in more than one budget, they came close to destroying the B.
The scrapping of sweetheart contracts could lead to unrest at some of the country's biggest firms.
 
 
 
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