consent decree

from The American Heritage® Dictionary of the English Language, 5th Edition.

• noun A judicially approved agreement between parties to a suit, especially an agreement by a defendant to cease activities alleged by the government to be illegal in return for an end to the charges.

from Wiktionary, Creative Commons Attribution/Share-Alike License.

• noun law A decree of a court giving effect to an agreement between the litigating parties.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

• noun an agreement between two parties that is sanctioned by the court; for example, a company might agree to stop certain questionable practices without admitting guilt