private treaty Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “private treaty” in the English Dictionary

"private treaty" in Business English

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private treatynoun [C or U]

uk   us  
LAW, PROPERTY a ​legalagreement in which something, especially ​land or ​property, is ​sold directly to the ​person who ​wants to ​buy it: The ​site will be sold by ​privatetreaty at a ​fixedprice or by ​offers over a ​minimumsalefigure.
(Definition of private treaty from the Cambridge Business English Dictionary © Cambridge University Press)
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