negotiability
Negotiability refers to the extent to which terms of an agreement, price, or arrangement can be altered through discussion between parties. It describes how open a transaction or contract is to modification and concession, and it is shaped by context, power relations, information availability, market dynamics, and the legal framework governing the interaction.
In commercial and professional settings, negotiability often applies to price, payment terms, delivery schedules, warranties, service
Factors that influence negotiability include leverage (the availability of alternatives), information asymmetry (who knows more about
In law and finance, negotiability may have a more technical sense. Negotiable instruments, such as checks or