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What you see is what you get. When you're negotiating, being able to reframe — to change your perspective and approach an issue through a new lens — is critical to getting your needs and wants met. A good reframe defuses tension, uncovers hidden possibilities, and creates new value. Like magic, a good reframe can even make a conflict disappear. Also like magic, a good reframe appears simple but is very hard to do well. By the end of this article, you will have some insight into why reframing is so hard and have the tools to be better at it.
Let's start by taking a detour into a story. What you'll read is a slightly goofy, re-worked version of a commonly used negotiation parable. Don't google the answer! Ready?
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The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
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The real property transfer tax does not apply to all leases, and understanding the tax rules of the applicable jurisdiction can allow parties to plan ahead to avoid unnecessary tax liability.