Thursday, May 14, 2009

ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ

Nobody likes to be pressured into an agreement; whether it is at twelve noon or twelve midnight. If one of the parties is not one-hundred percent sure, then I suggest that they "sleep on it."

For example, if our mediation concludes on Thursday, I will contact them on Monday to hopefully finalize the settlement. It is important that the agreement is "custom-tailored" and not something "off-the-rack." It is amazing the analysis that goes on whether it is waiting for the light to turn green on Wilshire Boulevard, or as you linger near the frozen edaname in Trader Joe's. This, in turn with talking with the parties counsel, can make for a lasting agreement when I make contact again on the agreed upon day and time.

There are different schools of thought on whether if it doesn't settle during that day that things will unravel. I would rather avoid having one or both of the parties to come down with a bad case of buyer's remorse.