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:
“So, my sweetheart back home writes to me and wants to know what this gal in Bombay’s got that she hasn’t got. So I just write back to her and says, “Nothin’, honey. Only she’s got it here.””
—Alvah Bessie, Ranald MacDougall, and Lester Cole. Raoul Walsh. Sergeant Tracey, Objective Burma, to a buddy (1945)
“I never understood exactly why people get engaged—The only time I ever did the most disastrous things happened—but I feel that there’s a great deal to be said for immediate matrimony always. If I once got started I’d probably have to become a mormon to cover my confusion. What I mean is that if he and she are crazy about each other it is sheer tempting God to stay apart, come what may. And if people arent crazy about each other being engaged wont help them.”
—John Dos Passos (1896–1970)