Gentlemen's Agreement

A gentlemen's agreement is an informal agreement between two or more parties. It is typically oral, though may be written, or simply understood as part of an unspoken agreement by convention or through mutually beneficial etiquette. The essence of a gentlemen's agreement is that it relies upon the honor of the parties for its fulfillment, rather than being in any way enforceable. It is, therefore, distinct from a legal agreement or contract, which can be enforced if necessary.

Read more about Gentlemen's Agreement:  History, Gentlemen's Bet

Famous quotes containing the words gentlemen and/or agreement:

    The gentlemen [at a ball], as they passed and repassed, looked as if they thought we were quite at their disposal, and only waiting for the honour of their commands; and they sauntered about, in a careless indolent manner, as if with a view to keep us in suspense.... I thought it so provoking, that I determined in my own mind that, far from humouring such airs, I would rather not dance at all.
    Frances Burney (1752–1840)

    No one can doubt, that the convention for the distinction of property, and for the stability of possession, is of all circumstances the most necessary to the establishment of human society, and that after the agreement for the fixing and observing of this rule, there remains little or nothing to be done towards settling a perfect harmony and concord.
    David Hume (1711–1776)