answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What is the first step in contract negotiation?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Natural Sciences

How can strikes be avoided?

Proper negotiation between labor an management are the first means of preventing a strike. It is incumbent on both sides to sit down and negotiate in good faith with the other. The negotiations should begin several weeks ahead of the date when the contract will end.


Is the first step aerobic respiration the first step in anaerobic respiration?

Yes


Is the first step of the nitrogen cycle?

The first step of the nitrogen cycle is nitrogen fixation.


What is the first step of debugging?

Step one: identify the source of problem.


What is first step when supervising detainee operation?

The first step is to disarm and secure detainees when supervising detainee operations.

Related questions

What is contract drafting and negotiation?

Contract drafting is the creation of a legal document specifying terms in a business agreement. It defines parties' rights and obligations. Contract negotiation involves discussions between parties to reach mutually agreeable terms, often requiring compromise. Legal professionals, like attorneys, facilitate these processes, aiming to prevent misunderstandings and disputes by clearly articulating terms and ensuring both parties are satisfied with the agreement.


The first step in negotiating a contract is?

consideration


Who is responsible for contract negotiation and monitoring?

Contract negotiation is typically handled by the legal team or procurement department, while contract monitoring is the responsibility of project managers or contract administrators. They ensure that both parties are meeting their obligations and that the contract terms are being followed.


What are some strategies for a contract negotiation?

Some strategies for a contract negotiation include avoiding the pitfalls of poor planning and of caving in too quickly. Another suggestion is to not gloat when one is close to a deal.


What is a pre-contractual negotiation or pre-emptive talk?

Statements made to induce someone into entering into a contract.


Negotiation: Frequently Asked Questions About Contract Negotiation?

Contract negotiation can be entered into for several reasons. Sometimes the employee is unhappy with the terms. Sometimes the employer needs to change the terms. Since unexpected things can happen in life, contract negotiation is a necessary tool for people involved in business. Who Initiates Contract Negotiation? Contract negotiation can be initiated by the employer, the employee, or representatives of either side. If the employee is the member of a union, the union’s representative to the company may initiate contract negotiations on the employee’s behalf. Employers may also find that they need to approach employees about making changes to current contracts because of shifts in business. In general, the party that initiates negotiations is the party that feels that a change in the terms of the contract is necessary at any given point in time. What Happens if Negotiations Reach a Stalemate? Sometimes negotiations can drag on for so long that they are ultimately ineffective. If the reason for the negotiation is time sensitive, there can be a situation where the negotiations have to be called off until a new time frame is established. When neither side is willing to compromise during negotiations, the negotiations will be called a stalemate and come to an end while the sides try to come up with new bargaining tactics. In some cases, unionized employees may feel it is necessary to go on strike when they believe that the company is ignoring their requests through negotiation. If a negotiation reaches a stalemate, negotiations will be put on hold until both sides are ready to talk again. When Will Agreements Go Into Effect? One of the most important questions about contract negotiation is when the negotiated changes will go into effect. The time table for making contract changes can have a huge impact on the effectiveness of those changes. During negotiations, both sides need to be very clear about when they expect the changes to take place. Sometimes the time table of events can be the most hotly contested item during a contract negotiation. Both sides need to agree on when changes will become active so that they can change their behavior to suit the new contract agreement.


Is there a contract when the buyer changes the offer?

Generally where one party in negotiation of an agreement changes the offer, they are actually rejecting the first offer and giving the other party a counter-offer. There is no contract unless the the other party accepts the counter-offer and there is consideration for the promise.


What are the steps in debt negotiation?

Three steps in debt negotiation that are not very easy but can be effective are as followed. Step 1 is asking what solution will work, determining what kind of arrangements are best for you. Step 2 is looking at your debt and income. Ask the company for details and a breakdown of the debt. Step 3 is calling the company and negotiate.


How do you make pro forma contract?

Making a pro-forma contract is the first step in creating a contract once most of the terms and conditions are understood. The idea is that it is the "rough" copy of what will be, the final version of the contract. In the pro-forma contract there may still be elements to ad or modify.


How do you make pro-forma contract?

Making a pro-forma contract is the first step in creating a contract once most of the terms and conditions are understood. The idea is that it is the "rough" copy of what will be, the final version of the contract. In the pro-forma contract there may still be elements to ad or modify.


What form of information exchange would a contracting officer use to reach agreement with an offeror over the terms of a contract?

Negotiation


What has the author Robert M Brannon written?

Robert M. Brannon has written: 'Contract step by step' -- subject(s): Contract bridge