LAW 3113 Final: Memo Business Negotations Individual
Document Summary
Date: december 12th, 2017: budget and setting own expectations. As i had planned before negotiations, i would propose a budget created by myself. After introducing the budget, both partners agreed on and appreciated the budget. This created a strong foundation for us to begin negotiations as i had anticipated. I had also asked questions regarding their financial state. Albert and franklin admitted they did not want to contribute any capital to the proposed budget and that i was to fund the entire start-up. This was an anticipated term but it was a quite extreme term that i had planned i would negotiate. After discussions about albert s situation thoroughly we determined that we would split the costs, but i would contribute the most since i did have enough capital. This was in agreement with my pre-negotiation plan that i would have to inevitably contribute the most capital.
