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A gentlemen's agreement, or gentleman's agreement, is an informal and legally non-binding agreement between two or more parties. It is typically oral , but it may be written or simply understood as part of an unspoken agreement by convention or through mutually beneficial etiquette .
In business, an MoU is typically a legally non-binding agreement between two (or more) parties, outlining terms and details of a mutual understanding or agreement, noting each party's requirements and responsibilities—but without establishing a formal, legally enforceable contract (though an MoU is often a first step towards the development of a formal contract).
The Gentlemen's Agreement of 1907 (日米紳士協約, Nichibei Shinshi Kyōyaku) was an informal agreement between the United States of America and the Empire of Japan whereby Japan would not allow further emigration of laborers to the United States and the United States would not impose restrictions on Japanese immigrants already present in the country.
Historically, owner collusion was often referred to as a "gentleman's agreement". [2] After the 1918 season, owners released all their players – terminating the non-guaranteed contracts, with a "gentleman's agreement" not to sign each other's players, as a means of forcing down player salaries.
The top U.S. diplomat for arms control said the U.S. is "ready to strike this deal, we could strike it tomorrow in fact."
The Gentlemen's agreement of Andhra Pradesh was signed between Telangana and Andhra leaders before the formation of the state of Andhra Pradesh of India on 20 February 1956. The agreement provided safeguards with the purpose of preventing discrimination against Telangana by the government of Andhra Pradesh.
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A standard form contract (sometimes referred to as a contract of adhesion, a leonine contract, [a] a take-it-or-leave-it contract, or a boilerplate contract) is a contract between two parties, where the terms and conditions of the contract are set by one of the parties, and the other party has little or no ability to negotiate more favorable terms and is thus placed in a "take it or leave it ...