If you own or operate a construction company in Florida and you have been involved in litigation before, you may be thinking: “How can I avoid that in the future?” The answer may be to start at the beginning with good contract negotiations.
So, how will you approach contract negotiations the next time around? We all know that most parties to a contract want the document to skew at least slightly in their favor over the other party, but that isn’t always possible. However, with the right negotiation techniques as the contract is being discussed and drafted by the parties, you may be able to ensure that the document is fair and that it actually addresses the issues and concerns that the parties have for the business relationship.
Negotiation tips
A recent news article suggested a few tips for entering contract negotiations on the right foot. By suggesting a step-by-step method for contract negotiations, the article mentioned starting off with identifying the specific issue or problem that needs to be addressed, and then spending time generating the various options for addressing that issue or problem. Once you see some of the options that are available, you can then evaluate any alternatives that might be more beneficial to your construction company.
However, perhaps the most important tip to adhere to in contract negotiations is to foster clear and effective communication between the parties. Oftentimes, attorneys are speaking to attorneys, but other times there are direct communications between the party principals. Whenever the contract concepts and details are being discussed, clear communication is crucial.
