negotiated contracts

Negotiated contracts are agreements between two or more parties where the terms are discussed and agreed upon before signing. Unlike standard contracts with set terms, these contracts allow for customization based on the specific needs and circumstances of the parties involved. This negotiation can cover aspects like price, delivery, and responsibilities. The goal is to create a mutually beneficial agreement that satisfies all parties. Typically used in business dealings, such contracts can provide more flexibility and ensure that everyone's interests are considered. Once agreed upon, they are legally binding.