Observe the Golden Rule in Business

If two parties find themselves on opposite sides of a contract and they want to achieve a win-win resolution, which means that they must observe the golden rule during the negotiations. In particular, both sides should treat each other fairly and be completely honest. They also need to communicate openly and not withhold relevant information. There should be full disclosure of facts relevant to the transaction.

Respect is one of the most important to treat people well. Both sides should respect each other's time, needs, finances, family situation, and any other circumstances that may affect the negotiations. As part of showing respect, each party must consider the other party to behave professionally and professionally. There should be no anger or raised voices.

Both parties should commit to a resolution that will be enjoyable for both. Neither party should ever find a way to exploit the other party. Before starting negotiations, both should agree on a method of resolving a deadlock on an important issue. To avoid the expense and delay of litigation, they should agree to have the matter decided by a mediator. They should also agree to abide by the decision of the mediator.

Both sides should greet others with courtesy, and should be on time for meetings. They should also respect the time limits for meetings, but agreed to schedule a meeting to follow-up, if you still have problems to solve. They should keep secure any information that either party wants to keep safe. Once agreed, it should reduce the 'agreement with absolute precision.

After the meeting, should shake hands and thank the other person for their time and courtesy. The golden rule is that simple. It is also appropriate in every situation, even in the business world .......