Parties Feel Better About a Settlement When Negotiations Involve a Progression

question 73

True/False

Parties feel better about a settlement when negotiations involve a progression of concessions.

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Definitions:

Covenants

Legally enforceable promises contained in a contract or agreement.

Competing

Engaging in an effort to win or succeed against others, often in business, sports, or other areas of life.

Option Agreements

Legal contracts that give the holder the right, but not the obligation, to buy or sell an asset at a predetermined price and date.

Assignment of Rights

The transfer of rights or interests in a contract or property from one party to another.