negotiation of contract

negotiation of contract
The carrying on of a correspondence by letters and telegrams or the conducting of conversations in attempting to arrive at an agreement and contract. 17 Am 12d Contr § 25. The advertising and bids in the award of a public contract. An order having authorized a finance committee to "negotiate" notes for the city's benefit, the word "negotiate" was held to be sufficient to include the entire transaction of asking for bids, or ascertaining the discount by private inquiry, and of deciding on the amounts, the rate, and the time on which the notes should be given. Brown v Newburyport, 209 Mass 259, 95 NE 504.

Ballentine's law dictionary. . 1998.

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