gentleman's agreement

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gen·tle·man's agreement

or gen·tle·men's agreement (jĕn′tl-mənz)
An agreement guaranteed only by the pledged word or unspoken understanding of the parties.
References in periodicals archive ?
CRAIG SHAKESPEARE wants Leicester's stars to stay - irrespective of any verbal gentlemen's agreements with the club.
Boss Shakespeare said: "If they are under contract, whether it is gentlemen's agreements or not, it is down to discussions.
But Gold said: "I don't think contracts matter a hoot, because it always seems these days there are gentlemen's agreements as well - more like Mickey Mouse agreements.