Tag Archive for: procurement

5 Guidelines for reviewing contracts

Looking forward to 2023

9 hard-bargaining tactics to look out for

One of the most common traits of all successful business leaders is their ability to negotiate skillfully.

Early contract termination and renegotiation

Market dynamics may render a contract undesirable. Know how to handle that in a contract.

Use of the “first right of refusal.”

A “first right of refusal” in an agreement can deliver a win-win outcome.

Setting a negotiation agenda

Convincing the more powerful party to negotiate

Creativity in resource allocation negotiations

An uninspired compromise is not a “Win-Win.”

Five ways to handle the other side’s biases

Suppose a negotiation is at a deadlock. Can you objectively analyze the causes? Often there is a tendency to blame the other side’s opinions for the impasse. Such assumptions will not help a negotiation move forward. In my book, “The World is a bazaar. Life is a negotiation, ” I encourage the reader to ask […]