Contractual Turn

Negotiation Sequence - In the context of contract negotiations, a Contractual Turn refers to each sequential exchange or iteration in the negotiation process, typically involving the drafting, reviewing, and revising of the contract. For example, Turn 1 may involve Party A sending the initial draft of the agreement to Party B, and Turn 2 may involve Party B sending a marked-up draft back to Party A.

Class Information

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Identification

IRI: https://folio.openlegalstandard.org/RCgV7EJVSCJGEILuJzCYEpz
Label (rdfs): Negotiation Sequence
Preferred Label: Contractual Turn
Alternative Labels: Negotiation Iteration, Negotiation Round, Turn
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Definition and Examples

Definition: In the context of contract negotiations, a Contractual Turn refers to each sequential exchange or iteration in the negotiation process, typically involving the drafting, reviewing, and revising of the contract. For example, Turn 1 may involve Party A sending the initial draft of the agreement to Party B, and Turn 2 may involve Party B sending a marked-up draft back to Party A.
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Translations

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Class Relationships

Sub Class Of: Settlement, Demand, and Collection Practice

Transaction Events
Parent Class Of: Collective Bargaining Event
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Additional Information

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Deprecated: False

Metadata

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