# Arm’s Length

**IRI:** https://folio.openlegalstandard.org/RCoJvHjMZAsxOq6tWt43JXH

## Labels

**Preferred Label:** Arm’s Length Negotiation

**Alternative Labels:**

- Impartial Deal-Making

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/R7kD4ePZmjNDaw2a1pWIDds

**Deprecated:** False