Sweetheart Agreement Deal

[14] A sweetheart or sweetheart agreement is a contractual agreement that is usually written in secret and that greatly benefits some of the parties, while inappropriately altering other parties or public opinion as a whole. The term was coined in the 1940s to describe corrupt labor contracts that were more favorable to the employer than to workers and that usually included some sort of bribes or special treatment for the labor negotiator. [1] [2] The “treasure” part of this agreement is obvious: (1) circumvented normal procedures; (2) contained serious conflicts of interest; 3) recruited industry insiders who were also well-placed politicians; and 4) only benefited from a handful of people at the top…