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Contract Negotiation
What is contract negotiation?
Contract negotiation is theprocess through which two or more parties deliberate over the terms of a contractto reach an agreement on how their relationship will operate and what their obligations will be.
The main goal of contract negotiations is for each party to be satisfied with the rights and obligations assigned to them. To achieve this, parties will use contract negotiation processes to flag any terms they’re unhappy with and suggest new, amended alternatives.
Business negotiations also help to ensure that the terms set out are as favorable as possible for both parties, with as little risk as possible.
For example, if you'renegotiating a contract with a vendor, you'll probably want to advance your company's interests by negotiating more lenientcontract terminationrights. But the vendor may want to achieve the opposite.
Successful contract negotiation processes enable you to compromise and reach an agreement on terms that work for both parties - hopefully with minimal fuss.
Corby is a town and borough in the county of Northamptonshire, England.
It is located 23 miles (37 km) north-east of the county town, Northampton. At the 2011 Census the town had a population of 54,927[1] and the borough had a population of 61,255.[2] Figures released in March 2010 revealed that Corby has the fastest growing population in both Northamptonshire and the whole of England. The borough of Corby borders onto the borough of Kettering, the district of East Northamptonshire, the district of Harborough and the unitary authority county of Rutland. The town was at one time known locally as "Little Scotland" due to the large number of Scottish workers who came to Corby for its steelworks. Recently, Corby has undergone a large regeneration process with the opening of Corby railway station and Corby International Pool in 2009 and the Corby Cube building opening in 2010. This is home to Corby Borough Council offices and also houses a 450-seat theatre, a public library and other community amenities.
