Legal Definitions from Termly’s Legal Experts
Informal Negotiation
Informal negotiation (noun)
1.
Informal negotiation is a process in which two parties try to resolve a dispute before elevating the dispute to mediation, arbitration, or litigation. The negotiation is often outlined in clauses of contracts or written agreements.
Appears in: Terms and Conditions
Related Legal Terms
Related FAQs
Trusted by Thousands
Trusted by thousands of companies worldwide, Termly’s intuitive software generates legal policies and handles consent management for any business in minutes.