Good preparation needs to rest on a strong foundation of knowledge. Before you even begin to plan a specific negotiation, you should take time to research and reflect on elements that will play an important role in it. What are some points you should be sure to focus on? First: Know Thys...
How to draft a letter of intent Start your letter of intent with a salutation. When possible, it’s preferable to address the person by their full name, rather than with a generic opening, like “To whom it may concern.” Introduce yourself in the first paragraph briefly and state your...
No one's first draft is ever perfect, so don't be surprised if your first attempt isn't what you'd imagined. You can improve any writing by setting it aside and giving it a fresh look in the morning. Before sending it, check that you've included everything needed to construct an as...
While the legal team step in to mitigate the risks the company takes on when agreeing a new contract, they also need to recognize when this work becomes unnecessary, or creates disproportionate friction. As Daniel van Binsbergen, CEO at Draftpilot, puts it: “It’s legal’s responsibility ...
Here’s a quick overview of what that process looks like in practice - with and without a contract management solution like Juro. 1. Gather key information To draft a contract that aligns with business objectives, you need clear and complete information. This involves understanding the purpose of...
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I tweaked ChatGPT's draft to make it more concise and personable: "Hi, my name is Amanda, and I've been with Citibank since 2019. I noticed two fees on my account: a $15 incoming wire fee and a $2.50 fee for using a non-Citibank ATM. I usually don't incur these typ...
Be prepared for negotiations on cost, timelines, and project scope. Offer flexible solutions and alternatives to address client concerns. Contract Finalization: Once the proposal is accepted, work with legal teams to draft and finalize the contract. ...
Hypothetically, if I were withdrawing my name from a job application, this is the kind of email I would draft: Subject: Intention of Withdrawal from [company name and advertised position] Job Application “Dear[hiring manager’s name or interviewer’s name], ...
Building a business requires working simultaneously on multiple projects, and it’s easy to get overwhelmed. When that happens, a business plan becomes a guiding light. What is a business plan? A business plan acts as a guide through every phase of starting and managing a business. It provide...