Mastering the Art of Contracts to Negotiate

Description

This Skill Bit talks about “Contracts to negotiate”, which outline terms for discussions towards a final agreement but are non-binding. They establish negotiation frameworks, emphasize good faith, and include termination options. Despite their non-binding nature, failure to negotiate in good faith may lead to legal claims. Legal advice is essential due to varying enforceability and potential consequences.

Duration approx. 4 Min.

Tier: advanced