I did contract negotiations for a while. Something that I always remember being told was “you can’t be more excited to sign than the other person”. It’ll lead to you making bad deals. If the other side doesn’t want to sign, neither do you.
My boss always said he preferred no contract over a bad contract. I once suggested that even a contract that pays out a bit is better than nothing. He countered by saying there’s an opportunity cost in fulfilling a contract. We could be too busy fulfilling poor contracts that we have no time to negotiate and accept good ones. In that case, a poor contract could be seen as less valuable than nothing. I’ve had negotiations that lasted less than 15 minutes. I give a standard quote, they’d lowball, I’d say there’s no way, they said they’d leave, I say here’s the door. Done.
I did contract negotiations for a while. Something that I always remember being told was “you can’t be more excited to sign than the other person”. It’ll lead to you making bad deals. If the other side doesn’t want to sign, neither do you.
My boss always said he preferred no contract over a bad contract. I once suggested that even a contract that pays out a bit is better than nothing. He countered by saying there’s an opportunity cost in fulfilling a contract. We could be too busy fulfilling poor contracts that we have no time to negotiate and accept good ones. In that case, a poor contract could be seen as less valuable than nothing. I’ve had negotiations that lasted less than 15 minutes. I give a standard quote, they’d lowball, I’d say there’s no way, they said they’d leave, I say here’s the door. Done.