Riggs-Vericomp Negotiation

In Energetics meets Generex negotiation, I was acting as a Chief Operating Officer (COO) for Energetics Corporation and my opponent and my classmate Chace Eskam was acting as a COO of Generex Corporation. In this deal, as a COO I was supposed to sell the Wind energy division of the Energetics to Generex. Energetics Corporation was in desperate need of cash due to bankruptcy. Another hurdle was that I could not sell three different locations of Wind plants individually. My company needed cash within three months with no additional terms added to this deal. My another best alternative was to sell all the assets of Wind Energy division to generate some cash if deal with Generex fails in this negotiation. Our negotiation went on for 15-20 minutes during class time and deal was set in $247 millions. My opponent Chace was very tough in this negotiation to deal. He was very prepared with facts and numbers before he came to the table. My opponent asked me lot questions such as the depreciation of the property, equipment’s life, taxes etc. After having lot of discussion we ultimately came to the conclusion that Generex will pay Energetics $247 million right away in cash to purchase Wind Energy division from Energetics.

iii. The three launch payments fit the before stated criteria of substantive payments. The contract signing payment and negotiation payment do fit the criteria because these payments are not proportionate to the vendor’s performance, do not relate solely to past performances, and are not “reasonable relative” to all of the deliverables and payment terms.

With this, a payment is received before a product or service is rendered. An example is when a lawyer is put on retainer for future correspondence. A third type of an adjusting entry is an accrued expense. These incur during one monthly, quarterly, or annually accounting period but paid for in the next. (Editorial Board, 2012, p. 45) This occurs when a loan is made or services are established and yet no invoice has been received. Accrued revenue, the last type of adjusting entries can happen when several milestones are made with one company although the purchaser may not be billed but once for all milestones

7. Failing to pay on time and being able to claim discounts for prompt payment

An owner pays her private motor vehicle insurance from the business bank account. This is:

Erika has the opportunity with clarity. We inform the client a MB will call back ASAP and then we state shortly. This sounded a little awkward/conflicting. It's important we provide information that's easy for the client to understand.

Would you please discuss this offer with your client and let me know whether we can settle the case along these lines.

Firm Fixed Price Contracts (FFP), it is appropriate for most commercial transactions, example: Software package that can be bought for $1,500 regardless of the seller’s cost.

I would greatly appreciate it if you would support this by submitting these invoices for

2. Extension of the maturity date or dates at a stated interest rate lower than the current market rate for new debt with similar risk

If this is an undertaking you are able to assist me with, I will plan on coming to your office hours on Tuesday afternoon.

The best alternative to a negotiated agreement is what every organization needs to fulfill their wants and needs. This is an advantage because they clench a clear target to which they can match any assigned agreement. The two articles discussed within this paper state two alternative negotiation situations that are compared to my current work setting. The first article involves a United States company named Kennecott during the 1960’s in hopes of a contract renegotiation with the Chilean government. The second case discusses

This is a contract entered into by Generation Leadz Etc. (hereinafter referred to as “the Provider”) and Barrington Commercial Lending (hereinafter referred to as “the Client”) on this date, Wednesday 2/15/2015

In the first twelve months, a person can expect to receive, after possibly paying a

terms of time can be managed in this scenario, as there is no specific delivery