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Summary: Making an offer that is contingent on specific conditions. This tactic, which is similar to The Trial Balloon, is used to check out your counterpart’s acceptance of your proposal. This tactic is based on…

Summary: Testing to see how firm a counterpart is on certain issues. Finding out how firm your counterpart is on the key issues is often helpful in a negotiation. You can get some information by…

Summary: Sending the message that if the counterpart doesn’t agree to the offer, the negotiation is finished. An effective tactic used by negotiators is saying, “This is our best and final offer. Take It or…

Summary: Changing the time for reaching a decision on a deal point. Since many negotiators set a deadline for making a decision, it is important to note that almost every deadline can be moved. Instead…

Summary: Preparing multiple options for resolving deal points before a negotiation begins. In a negotiation, the counterpart with the greatest number of viable options usually gets the best outcome. A good tactic is to walk…

Summary: Being the first to put forth an offer in a negotiation. Some negotiators believe you should never make the first offer. We have watched negotiations stall because neither counterpart was willing to make the…

Summary: Encouraging any partner interested in buying out another partner’s interest to make a fair and reasonable offer. Example Two business partners enter a buy-sell agreement that Establishes a Fair Starting Point in case either…