1.
Bargain – To discuss terms in order to
reach a better deal.
Sentence: We tried to bargain for a lower price during the contract
discussion.
2.
Compromise – A solution where both
sides give up something to reach an agreement.
Sentence: We reached a compromise by adjusting the payment schedule.
3.
Counteroffer – A new offer made in
response to an initial offer.
Sentence: They rejected our proposal, but they made a counteroffer
with better terms.
4.
Concession – Something given up or
agreed to in a negotiation.
Sentence: We made a concession by reducing our service fees.
5.
Leverage – An advantage that one party
has in a negotiation.
Sentence: Our company has strong leverage because we offer exclusive
technology.
6.
Mutual Agreement – A decision that
both parties accept.
Sentence: After several discussions, we reached a mutual agreement.
7.
Deadlock – A situation where neither
side can agree.
Sentence: The negotiation reached a deadlock, and both sides refused
to compromise.
8.
Win-Win Situation – An outcome that
benefits both parties.
Sentence: We structured the deal as a win-win situation for both the
buyer and seller.
9.
Bottom Line – The lowest or most
important condition someone is willing to accept.
Sentence: Our bottom line is that we won’t accept anything below a 10%
profit margin.
10. Terms
and Conditions – The specific details of an agreement.
Sentence: Before signing, we carefully reviewed the terms and
conditions of the deal.
11. Proposal
– A formal offer or plan.
Sentence: Our company submitted a proposal for a long-term
partnership.
12. Breakdown
in Communication – A failure to understand each other in a discussion.
Sentence: The deal fell apart due to a breakdown in communication
between both teams.
13. Hard
Bargain – A tough negotiation with strict terms.
Sentence: Our client drives a hard bargain, so we had to improve our
offer.
14. Settlement
– An official agreement to resolve a dispute.
Sentence: Both companies finally reached a settlement after months of
negotiations.
15. Haggle
– To argue over a price or terms to get a better deal.
Sentence: The vendor wouldn’t let me haggle, so I paid full price.
16. Stakeholder
– A person or group with an interest in the negotiation’s outcome.
Sentence: All stakeholders must approve the final contract.
17. Contract
Clause – A specific section of a contract.
Sentence: We negotiated a new contract clause to extend the delivery
deadline.
18. Due
Diligence – A detailed review before making a business decision.
Sentence: Before accepting the offer, we conducted due diligence on
the company's finances.
19. Close
the Deal – To finalize an agreement successfully.
Sentence: After weeks of discussions, we finally closed the deal.
20. Settlement
Offer – A proposal to resolve a dispute without further negotiations.
Sentence: The lawyer presented a settlement offer to avoid going to
court.
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