Legal Definitions - chaffer

To chaffer means to engage in a back-and-forth discussion or negotiation, typically concerning the price, terms, or conditions of a transaction. It involves bargaining or haggling with the aim of reaching a mutually acceptable agreement.

• Consider a situation where a potential buyer is interested in purchasing a used vehicle from a private seller. The seller states an initial asking price, but the buyer believes it is too high. They begin to chaffer, with the buyer proposing a lower offer and the seller countering with a slightly reduced price or perhaps offering to include a set of winter tires. This iterative process of making offers and counter-offers until a final price is agreed upon demonstrates chaffering.

• A small business owner is looking to hire a freelance graphic designer for a new logo. The designer provides a detailed quote for their services. The business owner, while appreciating the quality, feels the cost is slightly above their budget and asks if there's flexibility, perhaps by adjusting the scope or offering a package deal. The designer and business owner then chaffer, discussing different design options, revision limits, and payment terms until they arrive at a satisfactory agreement for both parties.