Earlier on we discussed two(2) helpful hints that can be useful in your contract negotiations.

1). Preparation!

2). Follow The Power Play

Below are the last remaining hints:


3). Know what you are giving up

Before, you give up anything in a contract negotiation table, you must know what it is worth.
Know the value and how it will later negatively or positively affect contribute towards your goals in the long run. Once you give up anything in a negotiation, and it is drawn up and signed by the necessary parties, then it becomes binding; It might just be too late to take it back.
It is not enough to know the value of what you are giving up, you must know the value of what the other party is also giving up o bringing to the table, so as not to be ambushed. What ever you are giving up should stated in the contract, it might be of great help; in your favour; if the contract is litigated.

4). Language

Language matters, either at negotiation or in drafting the contract itself. It is good practice to use simple English and explain it to avoid the other party misconstruing what you said or wrote. The world I complicated enough, why complicate it further by using boguos words and unnecessary verbosity.

Scenerio 2
Mr. A agrees to give his shop to Mr. B. During the negotiations or drafting up of a written agreement to this effect,...

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