what is the fundamentals of not negotiable instrument?
Can it Negotiable or not
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corporate law
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By using a non negotiable instrument , a party essentially wants to preserve the right to set an element of the contract as non-negotiable. Now there are different elements that can be non negotiable such as the price or the fixed payments in case of a lease etc. The party doesn't intend to enter into any conversation that might change that element of the contract.
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