Previously, it was assumed that differences were always a source of dispute in negotiations, which limited the ability of the parties to reach an agreement. But in recent years, negotiation specialists have shown that differences are often constructive. They form the basis for compromises that can pave the way for mutually beneficial agreements. However, when differences have to do with uncertain future events that are crucial for both sides, compromises become very difficult. By making differences the basis of a bet that offers potential profits to both parties, conditional contracts allow negotiators to avoid long, expensive and often futile arguments. Negotiators can focus on their real common interests, not on their speculative disagreements. I represent and warrant that I have the full right, authority and authority to enter into this Agreement and grant all rights granted. . . .
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