sweetheart contract

Also found in: Dictionary, Idioms, Wikipedia.

Related to sweetheart contract: Sweetheart deals

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.

References in periodicals archive ?

successfully mobilized Teamster car haulers to reject the terms of Presser's latest sweetheart contract.

Labor Day, 1985

They opposed the SEIU'S mindless centralism, its sweetheart contracts with employers and its backroom deals with politicians." (53) The response was spectacular and the rank-and-file mobilization unparalleled.

Cal Winslow, Labor's Civil War in California: The NUHW Healthcare Workers' Rebellion

The history of the Tarakhil power plant is written in broken promises, sweetheart contracts and cost overruns.

USAID Shocks Afghan Treasury with New Power Plant

Black, who along with a handful of other top executives were ultimately accused of "looting" the publisher through sales of assets with phony "non-compete fees," excessive expense accounts and management fees, and sweetheart contracts.

Sun-Times Media Group Files for Chapter 11

Sweetheart contracts gave for-profit HMOs few incentives for service quality.

Cruel convergence: the era of get-tough juvenile justice is also the era of managed care, and children with mental-health needs are caught in the crossfire

CITE

Site: Follow: Share:

Open / Close