Summary
Summary International law
- Course
- Institution
Chapter 2 Negotiations Chapter 3 EEX Chapter 4 ECO How the European Union works Commerciële economie, export semester International law Bart Wernardt
[Show more]
Seller
Follow
MDrouen
Reviews received
Content preview
Stuvia, Chapter 2 Negotiations
2.1 Reaching an agreement
Preliminary stage = the stage of negotiations. Being the stage prior to the final
agreement between the two parties.
Agreement = Offer and acceptance of that offer.
Invitation to enter into negotiations = when one or two elements are
missing.
Valid offer = when the offer has reached the other party i.e. the offeree, B. This
is often referred to as the ‘’reception theory’’. It does not matter when the offeree
actually reads the offer.
Withdraw = the offer in time the offerer prevents the offer from actually
becoming a valid offer. After withdrawing the offer in time, an offer no longer
exists.
Revoke = A informs B that he is no longer interested in selling goods to B and
the he therefor withdraws his valid offer.
When the offer already has been accepted by the other party it is not
possible to revoke
A B_________B A
1 offer 2 3 4 acceptance 5 6
1. A makes an offer to B
a. Object is described
b. A price is determined
c. The number of objects is stated
2. The offer is delivered to B
3. B considers the offer made by A
4. B sends his acceptance to A
5. B’s acceptance reaches A
6. Revoking an offer after reaching an agreement
2.2 Legal aspects of negotiations
Letter of intent = often used to establish the current status of negotiations
between the parties involved. It is also intended to be a draft version of the final
agreement.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller MDrouen. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $3.74. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
49497 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now