Price Negotiation
/ˈpraɪs nɪˌɡoʊʃiˈeɪʃən/
Definitions
- (n.) The process by which parties discuss and agree on the cost or compensation for goods or services within a contract or legal transaction.
The price negotiation between the buyer and seller lasted several hours before they reached a mutual agreement.
Forms
- price negotiation
- price negotiations
Related terms
See also
Commentary
Price negotiation often involves strategic communication and legal consideration to ensure enforceability and fairness in agreements.
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.