Negotiation

Question 1

What’s the advantage of negotiation?

Answer 1

• no hard feeling as solutions agreed by both parties
• less cost as court and representation fees are not involved
• flexible as any kind of agreement can be made

Question 2

Disadvantage of negotiation?

Answer 2

• one of the parties may be in vulnerable situation and may have to settle for a solution that may be less beneficial than what they would have received in court
• not guaranteed that decision will be made

Question 3

What is negotiation?

Answer 3

-when both parties or their representatives discuss the issue and seek to come to a mutually acceptable compromise solution