Anyone who’s ever negotiated a settlement knows all about the posturing, the bluffing, the delays, the overriding fear of leaving money on the table. Sometimes the process can get in the way of the goal — especially when personalities clash. The Internet offers one way around those problems: blind procedures that can arrive at an agreed settlement as binding as any reached through traditional negotiation.
Some Web sites offer low-cost procedures that allow each side to present demands and offers with only the software knowing the figures on the table. Typically, when the two sides are within 30 percent of each other, the system splits the difference and declares a settlement. If the gulf between the two parties never narrows enough for a settlement declaration, then the two sides can walk away without having divulged their “final, best offer.”
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
