FOLIO Ontology

Negotiation Sequence

IRI:
https://folio.openlegalstandard.org/RCgV7EJVSCJGEILuJzCYEpz
Preferred Label Contractual Turn
Alternative Labels
Negotiation Iteration Negotiation Round Turn

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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Additional Information

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