Mastering the vocabulary for business negotiations in Icelandic can be essential for professionals looking to do business with Icelandic companies or in Iceland. The following terms cover essential concepts and phrases needed in the language of business negotiations.

Samningur means “agreement or contract.” It is a formal arrangement between parties regarding the terms of a deal.

Eigum við að undirrita samninginn næsta þriðjudag?

Tilboð refers to an “offer” or proposal that one party makes to another as part of negotiations.

Við höfum sent ykkur mjög hagkvæmt tilboð.

Verð is “price,” the amount of money expected, required, or given in payment for something.

Hvað er loka verðið sem þú býður?

Afsláttur means “discount.” It’s the reduction in the regular price of a product or service, often used as a negotiating point.

Getum við fengið afslátt ef við pöntum magn?

Gagnkvæmur stands for “mutual” or “reciprocal.” In negotiations, it indicates that an agreement or benefit applies to both parties.

Við leitum að gagnkvæmum hagsmunum í þessum viðræðum.

Viðræður are “negotiations” themselves, the dialogue between parties to reach a mutual agreement.

Hvenær getum við haldið áfram viðræðurnar?

Kauptilboð is a “purchase offer.” This is a specific type of offer concerning the acquisition of goods, services, or property.

Við höfum lagt fram lokakauptilboðið fyrir verkefnið.

Samningsbrot means “breach of contract.” It is a legal concept where one party fails to fulfill their side of the agreement.

Því miður virðist hafa orðið samningsbrot.

Samningsaðili refers to a “contracting party.” It’s any person or entity entering into a legal agreement.

Viltu ræða þetta mál beint við hinn samningsaðilann?

Greiðsluskilmálar are “payment terms.” They define the conditions under which payments will be made between parties.

Við þurfum að komast að samkomulagi um greiðsluskilmálana áður en við halda áfram.

Samningsvald is “bargaining power.” It refers to the ability of a party to influence the terms of the negotiation in their favor due to various factors such as position, alternatives, etc.

Fyrirtækið þitt hefur mikið samningsvald vegna einstakra vörunnar þinnar.

Vara á lager indicating an “item in stock.” In negotiations, it could be relevant in terms of immediate availability.

Hve margar einingar af þessari vöru eru strax á lager?

Fyrirvara is a “condition” or “reservation.” A stipulation of an agreement that must be met for the contract to be fully enforceable.

Samningurinn okkar inniheldur nokkra mikilvæga fyrirvara.

Undirbúningur means “preparation.” It’s the action or process of preparing or being prepared for use or consideration in negotiations.

Góður undirbúningur er lykillinn að árangursríkum viðræðum.

Learning and using these words, along with their proper context, will undoubtedly enhance your ability to engage in effective business negotiations in Icelandic. Whether you’re preparing for a big meeting or trying to close a deal, a solid grasp of relevant vocabulary is essential.