The negotiation phase is a critical stage in the process of securing rights to material, such as options, acquisitions, and adaptations of existing works. During this phase, parties engage in discussions and bargaining to reach an agreement that satisfies the interests of both sides while addressing the legal and financial aspects of the deal. This phase often involves determining terms such as payment, rights granted, and the scope of usage for the material.
congrats on reading the definition of negotiation phase. now let's actually learn it.