Negotiations that are governed by rules are called

Question

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Negotiations that are governed by rules are conducted in a formal setting and are governed by established rules, procedures, and norms. This helps to ensure that the negotiation process is fair and that all parties have an equal opportunity to present their arguments and reach a mutually beneficial agreement. Formal bargaining is typically used in business, labor relations, and diplomatic negotiations, among other contexts.

Negotiations That Are Governed by Rules Are Called