You have a partner? Remember to include The Mexican Shootout

In the Articles of Association of a company, both sides agree to insert a clause that governs serious disputes. If the dispute cannot be resolved, then the following takes place: Each side in the dispute, each shareholder who wishes to participate, considers carefully what they would be willing to pay for the whole company. It doesn’t matter how many shares they own, but they must have access to the sum they have indicated, less the worth of their own shares valued on an equal basis. The parties then go to a neutral layer or professional on a certain day and … Continue reading You have a partner? Remember to include The Mexican Shootout

Do not mistake serious negotiations with management bargaining.

They require very different skills. Let’s say an employee wishes to deposit and collect their child from school each day. This will interfere with his/her “normal” working hours. Big deal. If the employee is important to you, you will probably bend over barckward to “negotiate” a solution. If they are not, you will probably enforce the letter of law (and fire them). Whatever you decide to do, you are not involved in “negotiating” – you are problem solving. -How to get rich, p.150 Continue reading Do not mistake serious negotiations with management bargaining.