True or False: A Pre-Negotiation Memorandum (PNM) shall only include the purpose of the negotiation.

A Pre-Negotiation Memorandum (PNM) serves as a fundamental document in the contracting process, with its purpose extending beyond merely stating the objective of the negotiation. The PNM encapsulates a variety of essential elements that guide the negotiation process. These include the background information on the contracting situation, relevant history, key issues that need to be addressed, stakeholder interests, and preliminary positions or expectations regarding the outcome of the negotiation.

The comprehensive nature of a PNM ensures that the parties involved have a clear understanding of the context and can align their strategies effectively during negotiations. This document supports effective communication and helps in the identification of common goals, which is crucial for reaching a mutually agreeable contract. Therefore, stating that a PNM shall only include the purpose of the negotiation omits significant aspects that are necessary for a well-rounded and strategic approach to the negotiation process.