PRICE NEGOTIATION MEMORANDUM (PNM)

The negotiation documents that provides the points agreed upon when an agreement was reached on the price of goods and service to be supplied. It acts as a measure of the reasonability of the agreement and also as a proof of the negotiator’s decisions.

More On This Topic



Link to This Definition
Did you find this definition of PRICE NEGOTIATION MEMORANDUM (PNM) helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary