private treaty

Học thuật
Thân thiện
private treaty

The house was sold by private treaty to a local family.

Definition

Noun: A method of selling property where the price is directly negotiated and agreed upon between the seller and the buyer, without the involvement of an intermediary such as an auctioneer or a formal public bidding process.

Usage

This term is primarily used in the context of real estate, business, and asset sales. It describes a confidential, bilateral negotiation. - The house was sold by private treaty after several weeks of negotiation between the owner and a single interested buyer. - The company preferred a private treaty sale of its subsidiary to avoid the publicity and uncertainty of an auction.

Advanced Usage
  • "To sell by private treaty": This is the standard phrase used to describe the action.
    • The artwork was sold by private treaty to a museum, rather than at a public auction.
Variants and Related Words
  • Private sale: A very close synonym, often used interchangeably, though "private treaty" can imply a more formal written agreement.
  • Off-market transaction: A related term, especially in real estate, emphasizing that the property was not publicly listed for sale.
Synonyms
  • Direct sale
  • Bilateral sale
  • Negotiated sale
Antonyms
  • Public auction
  • Tender
  • Foreclosure sale
Related Phrases
  • Arm's length transaction: A deal made by unrelated parties, each acting in their own self-interest, which a private treaty sale often is.
  • Confidentiality agreement: Often part of a private treaty sale to protect sensitive business information during negotiations.
private treaty

The house was sold by private treaty to a local family.

Noun
  1. a sale of property at a price agreed on by the seller and buyer without an intervening agency