👉 In the context of contract law, prenegotiation refers to a stage in the negotiation process where parties do not make any formal offers or commitments. This can occur before an agreement is reached and involves negotiations between the parties without formalities such as signing contracts or making written agreements. Prenegotiation can be a crucial step for establishing trust and understanding between the parties involved, but it may also lead to misunderstandings or misinterpretations of the terms of the contract.
