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Why is negative reinforcement not punishment?
Bid Revocation
The act of withdrawing a bid before it is accepted, which can typically be done as long as the withdrawal does not violate the terms of the bidding process.
Negotiation
Negotiation is a dialogue between two or more parties aimed at reaching a mutually beneficial outcome or resolving a disagreement.
Valid Contract
A legally binding agreement between parties that meets all requisite legal elements, such as offer, acceptance, consideration, and mutual consent.
Counteroffer
A reply to an offer in which the original conditions are modified, effectively rejecting the initial offer and presenting a new one for consideration.
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