A term used in correspondence between parties that seeks to make the contents of the correspondence legally invalid. The purpose of the phrase is to allow the parties to explore reaching a mutually acceptable settlement without fear that their statements will be used in a court to weaken their position.« Back to Glossary Index
Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.