Negotiated CommerceTMRegistry

A category, defined

The published price stays. Alongside it, terms can now be formed.

For two centuries commerce has run on printed terms: one price, one set of conditions, take it or leave it. Negotiation never disappeared. It retreated to where a conversation could pay for itself. AI agents have just made the conversation affordable for every purchase.

one negotiation private
  • Published price

    stands for everyone

    $1,299
  • Offer

    delivery included, private

    $1,150
  • Counter

    delivery included, old unit collected

    $1,195
  • Agreed

    honoured at checkout

    $1,195

The seller's floor was never disclosed. The shopper's ceiling was never disclosed. The price list did not change for anyone else.

Definition

“Negotiated Commerce is the formation of the terms of a transaction between two agents, in private, under rules each side controls, executed in the moment and honoured where the transaction settles.”

Every word carries weight. Six of them carry the whole idea.

01Terms
Not only a price. Delivery, inclusions, timing, service: the things that make a deal worth more to both sides than a discount can.
02Two agents
Software now represents both the buyer and the seller. Each acts for its principal, and neither is trusted with the other's limits.
03In private
Agreed terms are known to the two parties and no one else. Publication is what makes flexible terms dangerous.
04Rules each side controls
The seller's floor and the buyer's ceiling are held by their own systems. They are never disclosed, hinted at, or argued past.
05In the moment
Every proposal gets a definitive answer at once: accepted, countered, or declined. Term formation collapses from days to milliseconds.
06Honoured where it settles
An agreement the checkout does not recognise is a claim, not an agreement. The deal is redeemed on the rails where the sale is made.

What it is not

It is not a new way to set a price. It is a new way to form terms.

In every neighbouring mechanism, one party sets and the other takes. In Negotiated Commerce both parties shape the outcome, and neither can see the other's limits. That second will is the whole difference.

  • Dynamic pricingThe seller moves the number, alone, for everyone or for segments. One will, one price.
  • PersonalisationThe seller predicts what a particular buyer might tolerate, from data the buyer rarely knew they gave.
  • DiscountingThe seller lowers the published terms, in public, for all comers at once, and shows every competitor the new number.
  • AuctionMany buyers compete against each other under a mechanism the seller controls.
  • Negotiated CommerceTwo authorised economic actors forming mutually acceptable terms, each within limits they alone control, in private, with a committed outcome.

How it works

Three moves, inside one conversation.

  1. Step 1

    Who negotiates

    The shopper's assistant consults the Registry before it says a word: does this seller take offers, and what does it publish about matching a price? The answer is yes or not yet, checked by a person, never overstated.

    Carried by The Bidit Registry

  2. Step 2

    Terms are formed

    The assistant makes a private offer on the shopper's behalf, at the number the shopper gives, with the terms that matter to them. The seller's rules reply at once: accept, counter, or decline. Nobody else sees it.

    Carried by Bidit, the engine

  3. Step 3

    The deal is honoured

    The agreed terms settle where the seller normally settles, with the seller as seller of record and the negotiation layer never holding funds. The ready customer still pays the ticket, untouched.

    Carried by The Negotiation Extension

The ready customer pays the ticket, untouched. The customer at the edge, who wants it and values it honestly, makes an offer, and a sale that never used to exist, exists. Every offer, won or lost, teaches the seller what customers truly value.

Principles

Six rules a conforming system enforces in code.

A negotiation layer that abandons these becomes surveillance, or becomes discounting. The category is defined by being neither.

  • 1Private

    Agreed terms are never published, never indexed, never fed to comparison.

  • 2Floor-protected

    Each side's limits are held by its own engine and never exposed in any response, error or hint.

  • 3Bounded

    Attempts are limited and enforced by the engine, never trusted to the other side's agent. Agreement closes the negotiation.

  • 4Instant

    Every proposal receives an immediate, definitive answer.

  • 5Honoured

    Agreement produces a commitment redeemed where the transaction natively settles.

  • 6Honest

    Negotiability is never overstated at discovery, and agents relay outcomes truthfully.

The three parts

Held apart on purpose.

Bidit named and defined the category. The protocol is open so everyone can trust it. Bidit exists so it actually works.

The category

Negotiated Commerce

A way of trading in which terms are formed between buyer and seller, alongside the published price. Named and defined by Bidit; argued in the manifesto, grounded in the white paper.

The protocol

The Negotiation Extension

An open extension to the agentic commerce stack. Catalogue protocols say what exists, checkout protocols say how it settles. This one says how terms are formed.

The enabler

Bidit

The reference implementation and the operator of the first negotiability index. The engine negotiates real products at real retailers today, price and value together.