The following negotiation took place over a period of time. Of course, there were a few contingencies that I am not including in this back and forth. Overall, however, the following was probably the worst negotation process I have ever been involved in (or the best depending on who you’re rooting for). Of course, if you don’t want to go to trial… you don’t want to go to trial.
Offer: $5,000
Demand: $35,000
O: $7,500
D: $45,000
(Wait a minute… did the demand just increase?!)
O: $10,000 (Wait, why is there a counteroffer?)
D: Somewhere between $40,000-$60,000
(I’m confused…)
O: $40,000 (WHAT?!)
D: $55,000 + $15,000 attorney fees
(I’m fairly certain that’s another increase. Is this new math?)
O: $45,000
D: $55,000 + $30,000 attorney fees
(But only 2 days have passed… you didn’t spend $15,000 in two days… did you?!)
O: $50,000
D: $80,000
(Oh, so after almost tripling the first demand, we proceed in a downward direction. I see.)
Well, the client got it wanted… no trial.