Store negotiations in Litify to capture demands, offers, and related insurance information in a legal matter. Negotiation details remain with a matter throughout its lifetime on Litify.

  • Relate negotiations to legal matters and specific roles within matters
  • Review who is involved in negotiations and when they occur throughout a legal matter
  • Build negotiation reports and establish metrics across all legal matters

How to Manage the Negotiation Object

Admins can use this article to manage the access and setup of negotiation records.This includes adding the object to page layouts as well as managing its record types and fields. 

Permission Sets & Actions

  • Litify Matter User:  Can Create, Edit, and View negotiation records
  • Litify Power User: Can Create, Edit, View, and Delete  negotiation records  

Page Layouts

Litify comes with default page layouts for each object. You can use these layouts directly or reference them while building your own. Below is a list of layouts that utilize or reference negotiation records. 

Matters: Take Action layout

Negotiations are available on matters as a related list

Negotiation Types

The Negotiation Type picklist contains the following values by default: 

  • Initial Demand
  • Initial Offer
  • Counter Demand
  • Counter Offer

Negotiation Fields

Field Label Field Name Data Type Definition
Amount litify_pm__Amount__c Currency(16, 2) Amount of the negotiation.
Comments litify_pm__Comments__c Long Text Area(32768) Comments about the negotiation.
Created By CreatedById Lookup(User) User who created this record.
Date litify_pm__Date__c Date Date of the negotiation.
Last Modified By LastModifiedById Lookup(User) Last user who edited the negotiation.
Matter litify_pm__Matter__c Lookup(Matter) Matter where this negotiation was added.
Negotiating with litify_pm__Negotiating_with__c Lookup(Role) Lookup to role who is involved in this negotiation on this matter, such as an insurance company.
Negotiating with Name litify_pm__Negotiating_with_Name__c Formula (Text) Name of party who this negotiation involves.
Negotiation Name Name Text(80) Name of the negotiation.
Owner OwnerId Lookup(User,Group) Owner of this record.
Related Insurance litify_pm__Related_Insurance__c Lookup(Insurance) Relates this negotiation to an insurance record.
Type litify_pm__Type__c Picklist Type of negotiation. Add values as necessary.

 

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