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Contract Negotiation
What is contract negotiation?
Contract negotiation is theprocess through which two or more parties deliberate over the terms of a contractto reach an agreement on how their relationship will operate and what their obligations will be.
The main goal of contract negotiations is for each party to be satisfied with the rights and obligations assigned to them. To achieve this, parties will use contract negotiation processes to flag any terms they’re unhappy with and suggest new, amended alternatives.
Business negotiations also help to ensure that the terms set out are as favorable as possible for both parties, with as little risk as possible.
For example, if you'renegotiating a contract with a vendor, you'll probably want to advance your company's interests by negotiating more lenientcontract terminationrights. But the vendor may want to achieve the opposite.
Successful contract negotiation processes enable you to compromise and reach an agreement on terms that work for both parties - hopefully with minimal fuss.
Northampton /nɔːrˈθæmptən/ (About this soundlisten) is a large market town and the county town of Northamptonshire in the East Midlands of England. It lies on the River Nene, 60 miles (97 km) north-west of London and 50 miles (80 km) south-east of Birmingham.[2][3] One of the largest towns (as opposed to cities) in England,[4] it had a population of 212,100 at the 2011 census (223,000 est. 2019).
Archaeological evidence of settlement in the area dates to the Bronze Age, Romans and Anglo-Saxons. In the Middle Ages, the town rose to national significance with the establishment of Northampton Castle, an occasional royal residence which regularly hosted the Parliament of England. Medieval Northampton had many churches, monasteries and the University of Northampton, all enclosed by the town walls. It was granted a town charter by Richard I in 1189 and a mayor was appointed by King John in 1215. The town was also the site of two medieval battles, in 1264 and 1460.
Northampton supported the Parliamentary Roundheads in the English Civil War, and Charles II ordered the destruction of the town walls and most of the castle. The Great Fire of Northampton in 1675 destroyed much of the town. It was soon rebuilt and grew rapidly with the industrial development of the 18th century. Northampton continued to grow with the arrival of the Grand Union Canal and the railways in the 19th century, becoming a centre for footwear and leather manufacture.
Northampton's growth was limited until it was designated as a New Town in 1968, accelerating development in the town. It unsuccessfully applied for city status in 2000.[5]
