129LPrinciples of mutual gains bargaining

#### 129L Principles of mutual gains bargaining 129L Principles of mutual gains bargaining > The principles of mutual gains bargaining are as follows— > > > (a) mutual gains bargaining is a collaborative approach to bargaining, > > > (b) parties to the bargaining are to identify and communicate their key needs to reach an agreement that maximises common interests and reconciles conflicting interests, > > > (c) the negotiations that are part of the bargaining are to be consensus-seeking in nature and the parties are to work together to try to solve problems, > > > (d) the parties will aim to reach an agreement that meets the core needs of the parties so that the parties are satisfied with the content of the agreement, > > > (e) the bargaining is to be efficient in terms of time and resources expended, > > > (f) the bargaining aims to create, maintain or strengthen good relationships between the parties, > > > (g) the bargaining aims to ensure that each party is satisfied that their interests have been addressed. > > **s 129L:** Ins 2023 No 41, Sch 1.1\[1\].