Originally Posted by
Sink r8
I would think that rep would vote it down, unless they made a call that their directions were negotiable. Either they were 100% firm, and the rep has to vote the TA down, or they're not, and the rep can use their discretion.
5 reps did vote no and this was one of the reasons. The pressure put on reps by an MEC that has already signed the document can be enormous. My point is that it's not as simple as NuGuy was trying to make it.
Originally Posted by
Sink r8
If you send in your attorney to negotiate a settlement along a set of parameters, you know it's within the realm of possibilities he'll come back with the "best he could get", even if below your bottom line.
But you know he won't come back with a TA that's already been signed and threaten how horrible plan B might be. Then again, some attorneys do behave that badly.
Originally Posted by
Sink r8
Conversely, if you're the attorney, and you don't get a deal at your bottom line, but the other party offers something else, I would imagine it's your duty to pass it on to your client for a decision.
Indeed. The key point here is the attorney passing it on with an opinion instead of a threat of disaster.
Carl