Price Negotiation Agreements

Price Negotiation Agreements are formal arrangements between buyers and sellers that set specific terms for the price of goods or services. They are used when parties agree on a fixed price or a pricing formula before completing a transaction, often after negotiation to reflect market conditions, volume discounts, or long-term relationships. These agreements help ensure clarity, reduce disputes, and provide stability in procurement and sales processes, benefiting both sides by establishing mutually accepted terms for future transactions.