Transcription of Negotiating and Drafting Settlement Agreements
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Negotiating and Drafting Settlement Agreements
Excerpt from "Chapter 16. Representing the Executive" by Wayne R. Outten, appearing in Executive Compensation, editors Yale D. Tauber and Donald R. Levy, copyright 2003 The Bureau of National Affairs, Inc. Reprinted by permission. IV. Negotiating AND Drafting Settlement Agreements A. OVERVIEW 1. The Context of the Settlement . This section of the chapter addresses Negotiating and Drafting Settlement Agreements for employment disputes. Settlements may come from direct negotiations between the parties (or their respective counsel), from mediation, or from negotiations before or during arbitration proceedings.
when the document is ready,2 what terms are covered, and what language is used to express those terms. Preparing the first draft can be a tactical benefit, especially in negotiating terms that were not clearly and completely addressed in the pre-drafting negotiations.
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