Contract Negotiations

Contract negotiations require considerable education, experience, and training. Trained negotiators have solid knowledge and skill sets that often enable them to garner a more favorable contract for their party.

In a one-to-three page paper, detail the following in relation to contract negotiation:

Describe the knowledge and skill that are critical to the success of a contract negotiator.
Present one strategy an effective negotiator should consider to achieve a more favorable contract (for e.g., to prepare diligently for each negotiation).