Favorable Contract Agreement Position
A Favorable Contract Agreement Position is a contract negotiation position that represents favorable terms for a contract agreement negotiator.
- Context:
- It can (typically) serve as the starting point in Contract Negotiations, reflecting the best-case scenario for a party's interests.
- It can (typically) encompass highly advantageous terms for the party.
- It can be referenced in a Standard Contract Blueprint, guiding the drafting process with optimal scenario annotations.
- It can be referenced by a Fallback Contract Position, which is a realistic compromise if the preferred position is unattainable.
- It can reflect specific performance criteria that best suit a party's interests in the contract.
- It can be referenced by a Contract Negotiation Analysis Task.
- It can (often) be a Contract-Type Specific Rule.
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- Example(s):
- a Distribution Rights Preferred Position, such as exclusive distribution rights for a IP contract.
- A Salary Preferred Position, such as a 9% raise for an employment contract.
- A Favorable Payment Term Position, such as net-60 service payment terms for a service contract.
- A Favorable Liability Position, such as comprehensive liability protection in a construction contract.
- A Royalty Preferred Position, such as a higher royalty rate for a licensing agreement.
- A Termination Clause Preferred Position, such as a shorter contract termination notice period in a vendor agreement.
- A Non-Compete Clause Preferred Position, which restricts post-contract competitive activity in a business partnership agreement.
- A Warranty Preferred Position, such as an extended product warranty period in a supply contract.
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- Counter-Example(s):
- a Standard Clause that does not reflect specific party interests.
- a Boilerplate Contract with generic, non-customized terms.
- See: Contract Modification, Contract Drafting, Contractual Agreement, Negotiation Tactics.