Tips to Keep in Mind when Negotiating a Contract
Contract Negotiation Prep Work
What is the current state of affairs, and how will it change?
What must I receive from the other party?
What is the most I am willing to give/pay/agree to perform?
What specific objects/rights/obligations do I truly intend to form the basis of the contract?
Is my (or the other party’s) intended result even possible?
At the Bargaining Table...
Know the Definitions
Consider the Context
Know When to Pause
Clarity is Key
Conclusions of Contract Negotiation
About the Author - Contract Negotiation Tips
Dan - Mediate2go Editor and Blogger
Dan Lawlor is a Mediate to Go Blogger focused on estates and commercial dispute resolution. Dan is a graduate of McGill University's Faculty of Law with interests in conflict resolution, business law and writing. He played an important role as a director with Mediation at McGill, building connections with the community to improve outreach. Currently he is a student-at-law with Campbell Mihailovich Uggenti LLP in Hamilton, Ontario. Dan loves team sports, reading, and traveling.
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