Four requirements for a valid contract are an offer, acceptance by the other party of the offer, a mutual agreement or meeting of the minds of the contracting parties and a valid consideration.
The reason principled negotiation would be the most suitable strategy in international trade negotiation is because it helps a party to leverage his/her principles of the opponent to win the negotiation.
The principled type of negotiation is recognized as an interest-based class of negotiation.
- A principled negotiation is known as a winner-take-all style of negotiation that is focused on a specific goal of winning.
- In a principled type of negotiation, there are no space for consideration of other party’s needs and requirements.
- However, a principled negotiations is limited because it can fail to settle dispute or conflict even if a parties has the highest intentions and negotiating skills.
In conclusion, the reason principled negotiation would be the most suitable strategy in international trade negotiation is because it helps a party to leverage his/her principles of the opponent to win the negotiation.
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<em>brainly.com/question/6106694</em>
<span>This is a cashier's cheque. Cheque is an order to a bank to pay a particular amount from the account of an account holder. It is a printed matter. Cashier's cheque is a form of cheque which is guaranteed by the bank. It is drawn on the bank's account and signed by the cashier. It is done for real estate and brokerage transactions.</span>
