Negotiation Tips…
Here’s 5 negotiation tips that I’ve learned about in law and mba courses and also in real life working as a lawyer that may help give you the edge in your own negotiations:
1. Don’t be the decision-maker. Yup. I said it. It’s a tip. If you’re about to reach a deal but want to put some pressure on the other side, simply say that you need to check with the boss, wife, husband, business partner, etc. to get the final OK. At this point, a deal has practically been reached and the other side may be desperate to close given all they’ve put into it. They may just make a concession at this point!
2. Decide on which strategy to use. If you’re doing a one-time deal and don’t really care about maintaining a long-term or even amicable relationship with the other side, then you might want to use an aggressive negotiation strategy. Push hard on price and terms. Hold back on making concessions. If, however, you want to keep things amicable because of a long-term relationship, you might want to be more polite and reach consensus based on all of the factors, not just price. Both parties should feel as though they’re getting something. Which strategy you use will depend on the context of the negotiation.
3. Come prepared. Most negotiations are over before they begin. The party which has the arguments and counter-arguments in their head, has all the facts and issued laid out, and who has a strategy picked out will most likely get what they want.
4. Document the negotiation. This is important for a bunch of reasons. First, if you start writing what the agenda, issues, positions, and final agreement is, then you will have the power of the pen. He or she who has this power has more leverage over the other person. They can include or avoid issues, present the agreement in favourable language, etc.
5. Structure the negotiation. This goes parcel and parcel with documenting the negotiation. The first thing you’ll want to have is an agenda. Depending on which strategy you’ve employed, you may want to unilaterally decide this or decide this by consensus. Once the agenda is set, you can follow it according to timelines. The agenda could be something like this:
- Introduction
- Issues
- Interests
- Positions
- Argument
- Alternative Solutions
- Final Agreement / Next Steps









