Negotiation & Deals
A team of two solicitors are tasked with striking a deal with the opposing team to achieve their client’s desired outcome. Both teams will negotiate over a number of points, using any bargaining chips they have, before (hopefully) coming to a conclusion that everyone can agree on.
What makes this competition interesting is that while every competitor is given access to the same general facts, both teams are also given a number of secret facts. Maybe your client has things they don’t want the other side to know about, or wants you to aim for a particular outcome. Whatever the case, follow your client’s instructions as best as you can, and don’t let the other team get the upper hand!
This competition is great for improving students’ team working and people skills. It also requires no specific legal experience, and doesn’t require you to have previous experience in negotiation.
Designed for students with an interest in commercial law, the Deals competition requires you to assist your client in merging their corporation with another. However, mergers aren’t allowed in certain situations – for instance, if the merger would substantially reduce competition in a given market. You will need to convince the ACCC that the merger meets all of the relevant requirements.
As part of the competition, teams of three students will be required to write written memos to their clients detailing their initial advice, as well as make oral presentations.
As the only competition that focuses specifically on mergers and corporate takeover, this is a great competition for students interested in this area of law.
The competition is restricted to students who have completed Contract A & B. However, it does not require you to have completed any commercial law units (though they may help!)