Definition of Negotiations (Under Superfund)

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TeachMeFinance.com - explain Negotiations (Under Superfund)



Negotiations (Under Superfund) -- After potentially responsible parties are identified for a site, EPA coordinates with them to reach a settlement that will result in the PRP paying for or conducting the cleanup under EPA supervision. If negotiations fail, EPA can order the PRP to conduct the cleanup or EPA can pay for the cleanup using Superfund monies and then sue to recover the costs.




About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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