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Note added at 14 mins (2023-05-14 22:59:31 GMT)
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"BATNA" stands for "Best Alternative To a Negotiated Agreement." It refers to the course of action that a party to a negotiation would take if they cannot reach an agreement with the other party. In the context of the phrase "IRM Independent Redress mechanism and BATNA," it suggests that the IRM may be one option for seeking redress or resolution of a dispute, but parties should also consider what their best alternative option is if they cannot come to an agreement through the IRM process.
https://www.almaany.com/en/dict/ar-en/best-alternative-to-a-...


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Note added at 16 mins (2023-05-14 23:01:14 GMT)
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https://www.investopedia.com/terms/b/best-alternative-to-a-n...