The term good faith negotiations refers to documented process of negotiation and outcomes that generally involves: (i) willingness to engage and availability to meet at reasonable times and frequency; (ii) provision of relevant information; (iii) exploration of key issues of importance; (iv) use of mutually acceptable procedures for negotiation; (v) willingness to change initial position and modify offers where possible; and (vi) provision of sufficient time for decision making.

References

• International Finance Corporation. 2012. “Guidance Note 7: Indigenous Peoples.” Performance Standards and Guidance Notes - 2012 Edition. Washington D.C.: International Finance Corporation. [Accessed 02 November 2013].