Contract Negotiation Tip 007 | Dispute Resolution Clauses and the Art of War
The Art of War, written around 500 B.C. by the legendary Chinese General Sun Tzu, has been studied by military commanders for the past 2,500 years. Today Sun Tzu’s strategies are also used by CEOs and their corporate lawyers. It’s wisdom can be applied in contract negotiation to control the terms of engagement should conflict later erupt. Most commercial contracts have a dispute resolution clause. This is where the parties agree how a war will…