consent decree

noun Law.

an agreement, approved by the court, pursuant to which the defendant ceases activities alleged by the government to be illegal and the government's action is dropped, especially in antitrust and other regulatory matters.

an agreement made in court by the parties to settle a suit in equity.

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Origin:
1920–25

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Consent decree is always a great word to know.

So is revocation. Does it mean:

the legal seizure and detention of the goods of another as security or satisfaction for debt

nullification or withdrawal, especially of an offer to contract

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WordNet

consent decree
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

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"So, summoning his master's debtors one by one, he asked the first, How much do you owe my master?' He answered, A hundred jugs of olive oil.' He said to him, Take your bill, sit down quickly, and make it fifty.'"

-unknown author