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  2. Multiple Equivalent Simultaneous Offers - Wikipedia

    en.wikipedia.org/wiki/Multiple_Equivalent...

    Robb Mandelbaum of Inc. Magazine wrote: “One way to learn more about your counterpart's preferences is to offer a choice among proposals that emphasize different elements of the deal . . . According to the reactions you get, you can reshuffle the mix with a new set of offers.

  3. Memorandum of understanding - Wikipedia

    en.wikipedia.org/wiki/Memorandum_of_understanding

    In business, an MoU is typically a legally non-binding agreement between two (or more) parties, outlining terms and details of a mutual understanding or agreement, noting each party's requirements and responsibilities—but without establishing a formal, legally enforceable contract (though an MoU is often a first step towards the development of a formal contract).

  4. Government procurement in the United States - Wikipedia

    en.wikipedia.org/wiki/Government_procurement_in...

    By contrast, in commercial contracting, the law allows each side to rely on the other's authority to make a binding contract on mutually agreeable terms. Executive branch agencies enter into the contracts and expend the funds to achieve their Congressionally defined missions. When disputes arise, administrative processes within the agencies may ...

  5. Mediation - Wikipedia

    en.wikipedia.org/wiki/Mediation

    Often, a judge or jury cannot legally provide solutions that emerge in mediation. Thus, mediation is more likely to produce a result that is mutually agreeable for the parties. Compliance Because the result is attained by the parties working together and is mutually agreeable, compliance with the mediated agreement is usually high.

  6. Offer and acceptance - Wikipedia

    en.wikipedia.org/wiki/Offer_and_acceptance

    Treitel defines an offer as "an expression of willingness to contract on certain terms, made with the intention that it shall become binding as soon as it is accepted by the person to whom it is addressed", the "offeree". [1] An offer is a statement of the terms on which the offeror is willing to be bound.

  7. Invitation to treat - Wikipedia

    en.wikipedia.org/wiki/Invitation_to_treat

    For example, where an offer is made in response to an invitation to treat, the offer may incorporate the terms of the invitation to treat (unless the offer expressly incorporates different terms). If, as in the Boots case (described below) the offer is made by an action without any negotiations—such as presenting goods to a cashier—the ...