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What is meant by the term ink a deal?

Updated: 4/28/2022
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14y ago

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"Ink a deal" refers to the commitment of two or more parties to begin drafting negotiations in relation to the transfer of some resource which the firms consider to have value. The term "ink a deal" specifically makes reference to the hand-written documents used in the past as evidence of a contract. Although many agreements (evidence of a contract) today are type-written and may be standard in form, the term is still widely held.

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