A negotiation document is a compromise agreement between opposing parties in a conflict, similar to a contract. It outlines each side’s arguments and approved compromises, and is used to resolve major conflicts or prevent future ones.
A negotiation document is a document drafted by two or more opposing parties that states the approved terms of a compromise or agreement between the parties involved in some type of conflict, such as a business matter. It is created when two or more opposing parties involved in a conflict have negotiated to reach a final resolution. A negotiation document is similar to a contract because all parties involved must give something to receive something in the final compromise. Each situation that requires the creation of a negotiation document is unique, but there are general guidelines that should be followed when creating the document.
When a negotiation document is being created, for example, each side’s arguments should be clearly stated and the compromises on those arguments should then be clarified. After the arguments have been acknowledged and the compromises have been listed, the compromises must be approved by all parties or each party’s representatives. If approved, the parties involved have then acknowledged the document and agree that it will be followed by all parties involved.
Negotiation documents are primarily used to resolve major conflicts and are usually the end result of a successful negotiation. There are occasions, however, when a negotiation document can be used to prevent an argument or conflict. The process for creating a negotiation document to prevent arguments is very similar to a regular negotiation document that is used to resolve disputes after they have occurred, except that arguments would arise or potential conflicts that could arise in the future and the compromises would only be enforced if the potential conflict actually occurs. Each situation that requires the creation of a negotiation document is unique, but all negotiation documents revolve around compromise in order to reach a final resolution of a conflict.
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