When it comes to the world of business, there are various terms that you might come across. One of the most commonly used terms is a `gentlemen`s agreement.` But what exactly does this term mean? In Indonesian, it is known as `yang dimaksud gentlemen agreement adalah` or simply `perjanjian lisan.`
A gentlemen`s agreement is a form of a verbal or informal agreement between two parties. In the business world, such agreements are primarily used between companies or individuals for a mutual understanding that is not legally enforceable. This means that if one party breaches the agreement, the other party won`t have legal grounds to enforce it.
The term `gentlemen`s agreement` refers to the gentlemen of the 19th century`s upper classes who would often make agreements based on their word rather than on legal documents. These individuals trusted each other and believed that their word was enough to secure a deal. Similarly, a gentlemen`s agreement today is based on trust between two parties.
While it might sound like a risky proposition for businesses to enter into informal agreements, there are many cases where gentlemen`s agreements are necessary. For instance, two companies might agree not to compete with each other in a particular market. Alternatively, an employer might agree not to poach staff from another company.
One of the main benefits of a gentlemen`s agreement is that it is much easier and quicker to establish than a legally binding contract. This makes it an ideal option for businesses that need to enter into an agreement quickly. Additionally, as there are no legal ramifications of breaking a gentlemen`s agreement, there is less risk involved.
However, it is worth noting that while a gentlemen`s agreement might not hold up in court, there are still reputational risks associated with breaking one. If a company breaches an agreement, it could damage its reputation and relationship with the other party. As such, it is always important to consider the implications of breaching an informal agreement before entering into one.
In conclusion, `yang dimaksud gentlemen agreement adalah` or a gentlemen`s agreement is an informal agreement between two parties that is based on trust rather than a legal contract. While there are some risks associated with breaching such an agreement, it is still a useful tool for businesses that need to enter into an agreement quickly. As always, it`s important to weigh the pros and cons of any agreement before entering into it.