ironclad agreement


Also found in: Legal.

ironclad agreement

A mythical contract that can't be broken—like the Loch Ness Monster, often reported but never confirmed. As a practical matter, there is no agreement that can't be broken if the parties have sufficient resources, well-qualified legal talent, and plenty of time.

References in periodicals archive ?
He also suggested that the state or federal government may be a better steward, and that there should be an ironclad agreement with "no wiggle room, no holes, done by experts in crafting these things in perpetuity, and has successors in oversight if the city decides it doesn't want it any more.
Gibbs said the students should not have been told they would be able to transfer their courses if there wasn't an ironclad agreement in place.
There are many procedures that the investor needs to go through to emerge with an ironclad agreement that takes care of his rights as well.