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---
title: good faith negotiations
date: 2006-08-29 14:58
category: terminology
tags: IFC
slug: good-faith-negotiations
summary: : a documented process of negotiation and outcomes that generally involves: willingness to engage; provision of relevant information; exploration of issues of importance; mutually-acceptable procedures for negotiation; willingness to change from one's initial position; and sufficient time for decision making.
---
The term good faith negotiations refers to documented process of negotiation and outcomes that generally involves: (i) willingness to engage and availability to meet at reasonable times and frequency; (ii) provision of relevant information; (iii) exploration of key issues of importance; (iv) use of mutually acceptable procedures for negotiation; (v) willingness to change initial position and modify offers where possible; and (vi) provision of sufficient time for decision making.
- International Finance Corporation. 2012. "Guidance Note 7: Indigenous Peoples." Performance Standards and Guidance Notes - 2012 Edition. Washington D.C.: International Finance Corporation. [Accessed 02 November 2013].