Be prepared to not make the deal. If you enter negotiations with the mindset that you must close the deal, you're likely to accept unfavorable terms. It's best to have alternatives in mind, whether you're hiring someone, buying or selling something, or negotiating the price of something. You don't have to be stubborn, but don't accept bad terms just to make the deal.
Read MoreFrom drafting to signing, contracts navigate a predictable path through nearly every organization. However, without a clear understanding of the contract lifecycle management (CLM) process, many businesses have trouble identifying areas in their internal processes that can be improved—where time can be saved, errors avoided, and revenue captured.
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