Page 300 - DMGT519_Conflict Management and Negotiation Skills

Conflict Management and Negotiation Skills

Notes  In the face of uncertainty about what strategy the other side will adopt, each side’s best
choice is to compete.

 However, if they both compete, both sides end up worse off.
In real life, parties can communicate and commit themselves to a co-operative approach. They
can also adopt norms of fair and co-operative behavior and focus on their future relationship.
This fosters a cooperative approach between both parties and helps them to find joint gains.

14.5 Agreement Template

Agreement: Agreements can range from the simple handshake to formal contracts. In the case of
any kind of contract or legal document, both parties must thoroughly understand the terms of
the agreement before signing. Agreements don't always entail understandable language, and
require some explaining so that everyone involved knows where they stand.
A business agreement is made between two parties while making any business deals. The
Agreement Template represents all the necessary points that a agreement must cover. The
template provides a good and well framed outlines structure which can be easily customized to
suit the need and purpose of the person using the template.
The fact that a lot of precious time is saved by using a agreement template for Business
organisations is the main point of use of such documents.
Agreement Template is a letter with entire details of all the promises, applied rules of an
association, and agreed policies. If an agreement is signed between two parties then it also
contains a copy of all the list of goods and their prices. Whenever parties engage in any kind of
a contract they form an agreement letter, one copy of which is kept with both the parties. The
main components of an agreement letter should be terms of payment, clear explanation of the
work to be done, entire information related to cost, span of the agreement, and a brief list of the
agreement period.

Letter of agreement should always be addressed to the person with whom the agreement has to
be made. This letter provides detailed information about the person such as name, company,
address, and purpose of agreement, terms and conditions of agreement, date and also the name
and address of the second party who is making the agreement. These are formal letters and the
language used to write these letters should always be professional.

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