Examlex
When the nominal exchange rate in terms of dollars per yen rises
Acceptable Outcomes
Results or conclusions of actions, negotiations, or processes that are satisfactory to those involved or affected.
ZOPA
The zone of possible agreement, the area where two sides in a negotiation may find common ground.
BATNA
Stands for Best Alternative To a Negotiated Agreement, which refers to the most advantageous alternative course of action a party can take if negotiations fail and an agreement cannot be reached.
Legally Binding
Agreements or contracts that are enforceable by law, obliging parties to fulfill their agreed-upon terms under legal jurisdiction.
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