Gents,
I‘ve spent my entire career in contracts and the general premise is where the goods are existing, the vendor provides the contract. Where the goods are future, the purchaser provides the document,however no experience in mining so not sure where that sits.
The bigger the contract, depending on the equity and quality of drafting in the initial document, the more iterations there are before agreement is reached. Inevitably, those that negotiate the document are not those that sign it, so that involves another level of complexity.
With BMW saying that the doc is ready for signing, it could well be that they are the drafter and it is the first presentation to the counterpart to the document. Perhaps a strategy, regardless of what iteration of the document it is, to put a bit of pressure on the counterpart. Newbie to all this, just my lifetime experience in the ebb and flow of contract negotiation. Good luck to all.
GXY Price at posting:
$3.44 Sentiment: Hold Disclosure: Held
