Negotiated Agreements Definition

A negotiated agreement is a contract between two parties that is agreed upon through negotiation. This type of agreement can be used in many different situations, such as business deals, property leases, and more.

The process of negotiation involves both parties communicating with each other to reach an agreement. This can be done through face-to-face meetings, phone calls, emails, or any other form of communication. During the negotiation process, both sides will likely make concessions in order to come to an agreement that is acceptable to both parties.

Once an agreement has been reached, it is important to put the terms of the agreement in writing in order to avoid any misunderstandings later on. A written agreement will also provide protection for both parties if there are any disputes down the road.