Noun | 1. | ![]() |
2. | negotiation - the activity or business of negotiating an agreement; coming to terms |
NEGOTIATION, contracts The deliberation which takes place between the
parties touching a proposed agreement.
2. That which transpires in the negotiation makes no part of the
agreement, unless introduced into it. It is a general rule that no evidence
can be given to add, diminish, contradict or alter a written instrument. 1
Dall. 426; 4 Dall. 340; 3 S. & R. 609; 7 S. & R. 114. See Pourparler
NEGOTIATION, merc. law. The act by which a bill of exchange or promissory
note is put into circulation by being passed by one of the original parties
to another person.
2. Until an accommodation bill or note has been negotiated, there is no
contract which can be enforced on the note: the contract, either express or
implied, that the party accommodated will indemnify the other, is, till
then, conditional. 2 Man. & Gr. 911.