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Travel Home > Directory > Travel Dictionary > G > Gentleman's Agreement


GENTLEMEN'S AGREEMENT. An informal agreement between two or more parties. It can be written or oral. A gentleman's agreement relies upon the honour of the parties for its fulfilment, rather than being in any way enforceable. It is, therefore, different from a legal agreement or contract, which can be enforced if necessary.


Gentlemen's agreement - wikipedia

The term has come to sound distinctly old fashioned, because of its implicit assumption that both parties will be gentlemen (and the old-fashioned nature of that phrase). An example of this was with - Boeing Commercial Airplanes, who signed exclusivity contracts with American Airlines, Continental Airlines, and Delta Air Lines in separate but nearly identical arrangements, regarding the supply of airliners.


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