What term describes the procedures and requirements for asserting and resolving claims?

The term that describes the procedures and requirements for asserting and resolving claims is best represented by "Claims." In the context of contracting, claims refer to a formal request for payment or adjustment based on a dispute arising from a contract's terms. This process includes the assertion of rights, as well as the necessary steps for resolution, which encompasses documentation, submission timelines, and potential negotiation phases.

"Claims" are critical in contract management as they outline how a party may seek recovery for losses or disputes, helping to provide clarity and structure in the resolution process. This definition encompasses both the procedures for asserting a claim and the specified requirements for how those claims should be handled under the agreement's terms.

In contrast, disputes often refer to conflicts that arise but do not necessarily include the formal procedures for resolution. Negotiations may occur as part of the claims process but do not represent the entirety of the mechanisms for asserting and resolving claims. Modifications pertain to changes in contract terms, rather than the processes for addressing claims.