Prevent Claims! Tip
Negotiating Your Way to Success
Handshake on a DealApril 30, 2008
Greetings!

    "Let's shake on it!"  Negotiating a deal, sealed with a handshake, creates a win-win situation.  A judge or a jury has to come up with a winner and a loser.  And you certainly don't want to be the loser! 

    Almost all lawsuits end with a negotiated settlement not a trial.  So why go through all the expense and hassle of litigation when you can settle a case sooner? 
 
Resolve Multiple Claims Promptly

     Sometimes a high profile claim leads to copycat claims that lack merit.  The plaintiff may be trying to capitalize on a company that is already experiencing public relations distress.  The plaintiff may make veiled or not-so-veiled threats to "go public" with their claims.

     Multiple claims against a company may best be resolved as a group.  In fact, brokering multiple settlements can be cost-effective and provide consistent results.

     Start settlement talks early since a prompt effective settlement may discount your damages exposure. Consider too including non-monetary items in your settlement package.  Sometimes a heartfelt apology goes a long way to resolving a claim.  Find out what the complainant wants and try to accommodate reasonable requests.

     See some Prevent Claims! Tips below for achieving a successful negotiated settlement.

          Set a respectful tone for your negotiation
          Negotiate easier terms first
          Steer clear of "deal breakers," or "last and final offers"
          Find out early what are the intangible as well as tangible demands
          Offer intangibles even if none are sought, they cost little
          Don't succumb to inflated dollar demands
          Ask for a breakdown of financial demands to see if they're supportable
     If you have lawsuits in the pipeline, please do not hesitate to call to see if we can help resolve them.  Meantime, thank you kindly for your continuing support.
 
Cordially,

Beville

Prevent Claims, LLC
Preventing and resolving claims

Prevention Programs ~ Investigations
Negotiations ~ Mediations
610.647.4439
Prevent Claims LLC