The activities associated with preparation, dialogue and reaching an agreement for the purpose of establishing a contract for the delivery of products or services. This includes knowing the Buyer, understanding bargaining positions of parties involved, fact finding meetings, internal reviews, bargaining meetings and debriefings.
General objectives of negotiation include:
Additional objectives of negotiation may include agreement on information exchange, inspection processes, flexibility.
Negotiation is sometimes confused with haggling or price cutting (win-lose). Whereas some situations require such approaches, the Negotiate process is intended to cover negotiations from the widest possible interpretation -- including approaches such as win-win, collaborative and alliance related negotiations.
OpenReference recognizes both sides of the negotiation process: Negotiate (a Contract process) for the Seller and Negotiate (a Source process) for the Buyer.