{"iri":"https://folio.openlegalstandard.org/RCoJvHjMZAsxOq6tWt43JXH","label":"Arm’s Length","sub_class_of":["https://folio.openlegalstandard.org/R7kD4ePZmjNDaw2a1pWIDds"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":"Arm’s Length Negotiation","alternative_labels":["Impartial Deal-Making"],"translations":{},"hidden_label":null,"definition":"Arm’s length negotiation refers to a negotiation between parties who act independently and have no relationship to each other, ensuring that each party acts in its own self-interest. This type of negotiation is characterized by fairness, objectivity, and the absence of any collusion or undue influence, often used to determine the fair market value of goods or services.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}