Concept in Definition ABC

The term negotiate refers to an action that may fall within the scope of the economy or business and that involves the sharing of guidelines between two or more parties so that each contributes something and at the same time obtains some type of revenue or gain from the realization of certain economic activity (For example, it is negotiated between two companies that decide to carry out a business act and establish the profits and contributions of each one). The term can also be used in the language common to refer to some type of agreement that is not necessarily related to economic issues since negotiating means, in general terms, reaching an agreement from the debate.

The moment of negotiation is perhaps the most important of any activity economic or business. This is so because it is there the moment in which the parties involved must reach an agreement regarding the type of activity to be carried out, what should be organized and how the whole business will be carried out. It goes without saying that if the moment in which the parties negotiate does not reach a common point or by mutual agreement, the business (or the activity that is being discussed) cannot be carried out.

Negotiating always implies clarifying the responsibilities but also the rights or benefits that each party will have to do and receive respectively. In the business world, these agreements that are achieved through negotiation are always left for written (unlike what can happen with a negotiation carried out between any two people in passing) to ensure that both parties comply with their responsibility and do not act to the detriment of the other.