E-Negotiation
/iː-nɪˌɡoʊʃiˈeɪʃən/
Definitions
- (n.) The process of negotiating contracts or agreements using electronic communication platforms.
The parties entered into an e-negotiation to finalize the terms of the licensing agreement.
- (n.) A dispute resolution method conducted online, often involving automated tools or platforms to facilitate settlement.
E-negotiation helped the parties resolve their dispute without appearing in court.
Commentary
E-negotiation streamlines traditional negotiation by leveraging digital tools; drafters should specify applicability and platform rules to ensure legal validity.