Contract Negotiation
/ˈkɒntrækt nɛɡoʊʃiˈeɪʃən/
Definitions
- (n.) The process whereby parties discuss terms to reach a mutual agreement forming a binding contract.
The contract negotiation took several weeks before both sides signed.
Forms
- contract negotiations
Related terms
See also
Commentary
Effective contract negotiation requires clarity in objectives and understanding of legal implications to avoid disputes later.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.