Webinar on “Principles, Steps and Strategies in Negotiating Commercial Contracts”

The team at Ivy Law participated in a webinar on “Principles, Steps and Strategies in Negotiating Commercial Contracts”, organized by Lawctopus. The webinar primarily focussed on four segments, that is, setting up the context for contract negotiation; breaking down the negotiation into agendas for carrying it smoothly; the principles to be followed for staying on track during the negotiation process; and the different strategies that could be adopted for an effective negotiation. The session highlighted some of the very important practical nuances in the process of negotiating commercial contracts such as the approach of different parties in the negotiation process and how to build a win-win situation by not only keeping the interest of the client at sight but also understanding the situation and needs of the other party.