A negotiation agreement is a document created to formalize terms of a negotiation. It outlines the terms of a deal or agreement between two or more parties. A well-written agreement can help manage expectations, avoid misunderstandings and disputes, and ultimately foster a successful outcome for all parties involved.
Here`s a sample of a negotiation agreement to give you an idea of what one might look like:
1. Purpose: This negotiation agreement outlines the terms of the negotiation between [Party A] and [Party B] for [purpose of negotiation].
2. Confidentiality: Both parties agree to keep all information related to the negotiation confidential and not disclose it to any third party without the other party`s consent.
3. Scope: This negotiation agreement covers the following topics:
– [topic 1]
– [topic 2]
– [topic 3]
4. Timeline: The negotiation will begin on [start date] and end on [end date], unless both parties agree to an extension.
5. Responsibilities: Both parties agree to:
– Come prepared with all relevant information and materials.
– Be respectful and professional in all communications.
– Work towards a mutually beneficial outcome.
6. Termination: Either party may terminate the negotiation agreement at any time with written notice to the other party.
7. Governing Law: This negotiation agreement will be governed by and construed in accordance with the laws of [state/country].
8. Entire Agreement: This negotiation agreement constitutes the entire agreement between the parties and supersedes all prior negotiations, understandings, and agreements between them.
9. Signatures: Both parties agree to sign this agreement and any related documents necessary to complete the negotiation.
By using this sample as a guide, you can create a negotiation agreement that sets the right tone and expectations for your negotiation. Remember to aim for clarity and brevity, and consider having a legal professional review the document before finalizing it. By doing so, you`ll be on your way to a successful negotiation.