/ˈpraɪvɪt ˈtriːti/ – Phrase
Definition: hiệp định riêng luật, thỏa thuận riêng.
A more thorough explanation: In legal terms, a private treaty refers to a method of selling property or assets where negotiations are conducted directly between the seller and a potential buyer, without the use of a public auction. This method allows for more flexibility and confidentiality in the sale process compared to a public auction.
Example: The parties involved in the real estate transaction opted to sell the property through a private treaty rather than through a public auction.