Non-Negotiable
Candlefocus EditorIn addition to business relationships, non-negotiable can describe bonds or other securities that do not allow for a party to negotiate the exchange or transfer of ownership or for other conditions to be altered. This could be a securities commission, certain licensing guidelines, or any other condition considered legally binding.
Non-negotiable terms also apply to contracts and other legal documents. If a party is involved in a labor dispute, for instance, non-negotiable terms may include deadlines, performance requirements, worker rights, and other conditions that remain unchanged regardless of any third-party negotiation of the terms. It is important to note that the "non-negotiable" term present in any given contract should be clearly stated in language that is easy to understand, and that both parties fully agree with.
In any situation, non-negotiable applies to situations where both parties must adhere to the same fixed position or set of conditions. This means that any changes, additions, or modifications are not written into the agreement and cannot be proposed by either party. It is also important to remember that a contract cannot include terms that are illegal or violate public policy.
In summary, non-negotiable is a term generally used to describe a fixed or static condition of a contract, payment agreement, or good or service where no alterations can be made or negotiated. This could refer to the price of a good or service, the ownership of a security, or the specifications and conditions of a contract. It is important to ensure that any agreement includes clear language stating that the terms involved are non-negotiable and that both parties fully agree.