The term sweetheart deal or sweetheart contract is used to describe an abnormally favorable contractual arrangement. A golden parachute is an example of a type of sweetheart deal. It is frequently used in describing deals involving government officials, and hints at the presence of corruption. Also may used to describe an action between two parties in which a third party is put at distinct disadvantage, (ie: price fixing between oil companies or mobility services).
In the context of employment rights, a sweetheart contract can describe a deal between an employer and a trade union officials that benefits them both at the expense of employees.
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Famous quotes containing the words sweetheart and/or deal:
“A man loves his sweetheart the most, his wife the best, but his mother the longest.”
—Irish Proverb.
“I still feel just as I told you, that I shall come safely out of this war. I felt so the other day when danger was near. I certainly enjoyed the excitement of fighting our way out of Giles to the Narrows as much as any excitement I ever experienced. I had a good deal of anxiety the first hour or two on account of my command, but not a particle on my own account. After that, and after I saw that we were getting on well, it was really jolly. We all joked and laughed and cheered constantly.”
—Rutherford Birchard Hayes (1822–1893)