Kraemer and Barrows v. Jackson.  One source indicates that gentlemen`s agreements « undoubtedly exist, » but that their use has declined sharply.  An intense anti-Japanese atmosphere developed on the west coast. U.S. President Theodore Roosevelt did not want to upset Japan by legislating to ban Japanese immigration to the United States, as happened with Chinese immigration. Instead, there was an informal « gentlemen`s agreement » (1907-8) between the United States and Japan, with Japan ensuring that there was very little or no movement toward the United States. The agreements were reached by US Secretary of State Elihu Root and Japanese Foreign Minister Tadasu Hayashi. The agreement prohibited the emigration of Japanese workers to the United States and annulled the segregation order of the San Francisco School Board in California, which had humiliated and upset the Japanese.
The agreement did not apply to the territory of Hawaii, which was then treated separately and separately from the United States. The agreements remained in effect until 1924, when Congress banned all immigration from Japan.  A similar anti-Japanese atmosphere in Canada also led to the Hayashi Lemieux Agreement, also known as the « gentlemen`s agreement of 1908, » with substantially similar clauses and effects.  In the automotive industry, Japanese manufacturers have agreed that no production vehicle will exceed 276 hp (206 kW; 280 horsepower); the agreement ended in 2005.  German manufacturers limit the maximum speed of high-performance sedans (sedans) and station wagons to 250 km/h (155 mph).    When the Suzuki Hayabusa motorcycle surpassed 310 km/h (190 mph) in 1999, fears of a European ban or severe repression led Japanese and European motorcycle manufacturers to agree on a cap of 300 km/h (186 mph) in late 1999.  See the list of the fastest production motorcycles. A U.S. House of Representatives report, detailing its investigation into the United States Steel Corporation, asserted that in the 1890s there were two general types of loose associations or consolidations between steel and steel interests in which companies retained ownership and a high degree of independence: the « pool » and the « gentleman`s Agreement. »  The latter type does not have a formal organisation for the regulation of production or prices or provisions on forfeiture in the event of infringement.  The effectiveness of the agreement was based on the fulfilance of informal commitments made by members.
 In English contract law, the initiation of an agreement must be the intention to create legal relationships; but in trade (i.e. . . .