gentleman's agreement

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gentleman's agreement

an agreement not intended to be legally enforceable and which will not be enforced if the court accepts that it is such.
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References in periodicals archive ?
The Chancellor acted amid fears banks operate informal "gentlemen's agreements" to keep charges artificially high.
But Gold said: "I don't think contracts matter a hoot, because it always seems these days there are gentlemen's agreements as well - more like Mickey Mouse agreements.