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Discover LudwigThe phrase "shake on it" is correct and usable in written English
It is typically used to signify an agreement or a promise made between two parties, often after a discussion or negotiation. Example: "We have agreed on the terms of the deal, so let's shake on it to make it official."
Dictionary
shake on it
verb
To agree; to close a deal
Exact(23)
He wanted to shake on it.
I bet, shake on it.
The spot closes by saying, "It's not yours until you shake on it".
Offering his hand, the shadow Chancellor said: "We should shake on it and go for it".
"It's a deal," McCain says, sticking out his hand to shake on it.
They shake on it with some weird new elbow-shake they made up.
Similar(35)
"For a long time they had no offers, and we made them a good one, the only one, and we shook on it".
Mr Balls countered: "No, one-to-one - we just shook on it".
THE billionaires shook on it.
Then we shook on it.
They shook on it and stayed friends.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com