The first exercise allowed students to simulate negotiation of a contract between a chef and financial backer who are opening a restaurant.

In April, after long talk of negotiations of a contract extension, Boenisch finally signed a new deal that would keep him until 2012.

The Mellon grant, which would be given to the university, is contingent upon the successful negotiation of a contract between the historical society and the university.

"My zeal resulted in the negotiation of a contract perhaps more typical of the private sector than the Government," Mr. Frank said.

Dialogues cover various business situations, including the initial exploratory meeting, the negotiation of a contract, the making of delivery arrangements and the investigation of export facilities.

The draft had to be completed so quickly, in fact, that Meyer agreed to forgo the negotiation of a contract or credit for his writing in order to begin work on the script immediately.

In each negotiation of a contract for three years or longer, general managers and agents scrap over lockout language and agents try to structure the deals in a way that would least hurt their clients economically.

This does not prevent acceptance by the contracting officer of voluntary reductions in the price from the low eligible offeror before award, acceptance of voluntary refunds, or the change of prices after award by negotiation of a contract modification.

What is permitted to be a force majeure event or circumstance can be the source of much controversy in the negotiation of a contract and a party should generally resist any attempt by the other party to include something that should, fundamentally, be at the risk of that other party.