Ever found yourself staring at a contract that just did not feel right? Now you do not have to worry about it! With the power of negotiation, we can ensure a fair deal.
Embarking on a creative journey to transform your passion into a profitable enterprise can be thrilling. But let’s face it, negotiating a contract may seem daunting with all the legal jargon and formalities involved.
At LawSocial, our solicitor’s mission is to ease the process and make sure you get the most out of your contracts.
Curious about how we safeguard your interests? Below are some key elements our legal experts focus on during contract negotiations:
Know what you want
Step one: pinpoint your desires! The most important step of any negotiation is to know what you want. Before going into any negotiations, we need to make sure that you know exactly what your goals are and how much you are willing to compromise on certain aspects of the deal. Knowing this information will help us stay on track during negotiations and give us something to aim for when making decisions.
Research the other party
Before entering negotiations, we aim at uncovering all there is to know about the other party.
It is important that we find out who they are, what their interests are, and what kind of deals they usually agree to in similar situations.
Indeed, the insight of past deals involving artists and influencers will give us an idea of what is fair or reasonable in terms of payment amounts and other contractual obligations.
Having this invaluable information on hand will also help strengthen our position during negotiations and give us confidence when making requests because we will have an idea of how hard the other party will push back on certain points. It also shows that we have taken the time to understand their perspective, which could lead them to take our offer more seriously.
Determine what elements are negotiable
Before starting to seriously negotiate anything, it is important for us to identify the flexible aspects of the contract. This includes the payment amount, deadlines, exclusivity, and more. Knowing which elements are up for discussion will give us an idea of where you might be able to leverage some additional advantages for yourself.
Understand your leverage points
Finally, knowing the secret weapons you possess, like other brands competing to collaborate with you or a golden asset like a massive social media following, can help tilt the balance in your favour. We will shine a spotlight on these unique traits, so you can enjoy more favourable terms!
Please remember
Negotiation is not just about getting everything you want, it also is about finding common ground between all parties involved so that everyone has something beneficial coming out of the deal.
In conclusion, negotiating a contract does not have to be daunting. With due diligence and proactive communication skills, our legal experts can ensure equitable agreements between brands and yourself.
So, the next time a contract with questionable terms comes your way, remember that you’re not alone– just contact us and together, we will turn that deal into a win-win!
