|n.||1.||The act or process of negotiating; a treating with another respecting sale or purchase. etc.|
|2.||Hence, mercantile business; trading.|
|3.||The transaction of business between nations; the mutual intercourse of governments by diplomatic agents, in making treaties, composing difference, etc.; |
|Noun||1.||negotiation - a discussion intended to produce an agreement; "the buyout negotiation lasted several days"; "they disagreed but kept an open dialogue"; "talks between Israelis and Palestinians"|
|2.||negotiation - the activity or business of negotiating an agreement; coming to terms|
NEGOTIATION, contracts The deliberation which takes place between the
parties touching a proposed agreement.
2. That which transpires in the negotiation makes no part of the agreement, unless introduced into it. It is a general rule that no evidence can be given to add, diminish, contradict or alter a written instrument. 1 Dall. 426; 4 Dall. 340; 3 S. & R. 609; 7 S. & R. 114. See Pourparler
NEGOTIATION, merc. law. The act by which a bill of exchange or promissory
note is put into circulation by being passed by one of the original parties
to another person.
2. Until an accommodation bill or note has been negotiated, there is no contract which can be enforced on the note: the contract, either express or implied, that the party accommodated will indemnify the other, is, till then, conditional. 2 Man. & Gr. 911.