Key Pointers to Properly Prepare for Your Settlement Negotiation

Court HearingIn any court proceeding, the topic of settlement may be brought up. Should it come up in yours, make sure that you get your ideal result if you do agree to a settlement. Here are some pointers to effectively prepare for a settlement.

Do Your Research

As with all objectives where you want to have a favorable outcome, you need to start doing your homework regarding any aspect that may help you in your case. Jot down facts that you have gathered and look for supporting documents. Get credible witnesses and have them complete their affidavits. Make sure that you squeeze out every possible bit of information you can get. Every tiny bit of evidence may be enough to give you a favorable edge.

Expect the Unexpected

According to Marc J. Bern & Partners, there may be times when the opposite party may present something or open a line of argument that you aren’t expecting during a settlement. Getting caught off-guard and being unable to answer or give a counterargument will be detrimental to your case. Your lawyers can come up with strategies that can assist your stand through tight situations, so you need to confer and follow their instructions during negotiations.

Fix Any Issue

A successful settlement relies on both parties agreeing about a certain outcome. Hence, it will be in your best interests to resolve any issue that can get in the way of your mutual agreements. Your attorney may advise you not to settle the whole case in one go if you’re not that convinced that the current deal isn’t laid out in your favor. Take your time, take a deep breath, and think long and hard before you agree. Do not agree to sign anything without your attorney’s go.

“Forewarned is forearmed,” the old saying goes. While a settlement is not as intense as an actual court proceeding, you still have to be on your toes. Play your cards right to increase your chances of getting the best deal possible, and then decide carefully and wisely.