3 ms·
Ok, so you have documented $15m+$8m =$23m value. They have spent $2m p.a. over how many years? An equitable price for your solution should be in the 15%-30% ra
by GianFabien 5y ago
Ok, so you have documented $15m+$8m =$23m value. They have spent $2m p.a. over how many years? An equitable price for your solution should be in the 15%-30% range of those savings.
Hope you haven't said too much. Effective negotiation involves managing information and expectations very well.
An experienced negotiator could be expected to extract a $3+m lump sum payment. So even if you paid the negotiator 30% for their services you'd walk away with at least $2m.
My recommendation would be to quickly find a lawyer/negotiator who is interested in making a cool $1m for professional services rendered on a contingency basis.
- spatialdata 5y agoThank you, GianFabien, I have not said anything, managing expectations is definitely a hard lesson learned early. This is the second reference for a negotiator at the 30% range, thank you for that data point. I had no reference to this before yesterday. Thank you for the recommendation. Any suggestions on how to find this kind of negotiator?