Negotiating ContractsNegotiating a contract is very important. By negotiating contract terms, the parties to the contract bargain for their own best interests. While negotiating contracts, it is important to remember the following:
- Parties should be comfortable with their duties and obligations
- The intentions, requirements and expectations each party has of the other party need to be clear at the beginning of negotiations
- Negotiating for a remedy within the contract in the event there is a breach by either party may save time and expense down the road.