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Slides in negotiation

Lawyers love to negotiate (and bill hours) by changing words and lines in linear text. This works perfectly for deals that are standard and very well understood. The price of a product, the distribution commission, the number of shares.

When the business or the business model is a bit unusual, things go wrong. The 2 parties, and their lawyers (that’s 4 entities) can easily get confused. People think they understand, but they do not.

The solution: negotiate based on a sketch or a slide layout and use an imaginative case example with some made up, but realistic numbers. It is easy to refer to the year 3 sales redistribution commission as “those $42k”. Everyone knows what you are talking about.

After all this, the deal can be put in writing.