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20 Key Words Used in Negotiations
20 Key Words Used in Negotiations
1. alternatives - any other choices a person or group has, rather then agreeing
with the other person or group
Example: "We can ask them to do A if we do B, but they have many
alternatives.”
4. compromise - an agreement where you get less than you want but also give
less than the other person wants
Example: "If we don't compromise, this deal will never get done.”
9. final agreement - the results of the negotation that everyone agrees to put
into action
Example: "After six long months, we now have a final agreement.”
11. impasse - when two sides hold different positions that they are unwilling to
change
Example: "We were close to an agreement but we suddenly hit an impasse over
payment terms.”
15. offer - one or more options that is sent by one negotiator to the other
Example: "Let's offer them a one-year service contract and see how they
respond.”
17. party - either side in a negotiation is called a party, whether one individual or
a whole group
Example: "If party A accepts party B's proposal, then the negotiation is
finished.”
18. proposal - any suggestion or idea given to one party from the other
Example: "We'll look at your proposal during the coming week and give you our
response the following Monday.”
20. trade-off
- an exchange process in which one side gives up partly on some issues in order
to gain on other issues
Example: "There are always trade-offs when negotiating. You can't win them
all!"