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agreement
A gentlemen's agreement, or gentleman's agreement, is an informal and legally non-binding agreement between two or more parties. It is typically oral, but it may be written or simply understood as part of an unspoken agreement by convention or through mutually-beneficial etiquette. The essence of a gentlemen's agreement is that it relies upon the honor of the parties for its fulfillment, rather than being in any way enforceable. It is distinct from a legal agreement or contract.
A ladies' agreement, or lady's agreement, is the female equivalent of a gentlemen's agreement.
Top officials of the Marcos administration, including Defense Secretary Gilbero Teodoro Jr. and National Security Adviser Eduardo Año, have agreed to a “new model” for easing tension in the South China Sea, the Chinese Embassy in Manila said.
Preferred Source: Out with gentleman’s agreement...