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What is the definition of Gentlemens Agreement?

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What is the definition of Gentlemens Agreement?

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Although agreements between individuals often create lawfully binding commitments, instances may arise in which mutual promises let go no legally enforceable agreement. Sometimes call “gentlemen’s agreements,” parties may honor them because moral obligation compel observance or because future relations will be more difficult if the present arrangement is broken. International organization likewise may depend on such informal arrangements so as to verbs comity among members. Occasionally the enable treaties that create an international organization will move off some procedural or voting matter unresolved. Rather than amend the formal document, which is usually a difficult mission, an informal working agreement will develop to resolve a particular problem. As long as the consensus holds to honor the informal agreement, at hand is no need to embody it into a lawful document.

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