Bonet Inc.and Madison & Co.are on the verge of beginning negotiation talks with regard to a tentative merger.However,the management of both companies can't agree on the kind of manufacturing technology to be employed once the companies merge.As neither wants to forgo the merger,the intermediaries decide to chalk out a presettlement settlement (PreSS) .Which of the following conditions must be satisfied in order for the settlement to hold good?
A) The PreSS must occur after the negotiations and should be designed to be replaced by a long-term agreement.
B) The PreSS should occur in advance of the parties undertaking full-scale negotiations and is designed to be replaced by a long-term agreement.
C) The PreSS must occur in advance of the parties' undertaking full-scale negotiations and cannot be replaced by a long-term agreement.
D) The PreSS must occur after full-scale negotiations and negotiators must agree to explore other options with the goal of finding another that both prefer.
Correct Answer:
Verified
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