An aggressive negotiation tactic, whereby one party pushes the other almost to a “deal breaker” point (i.e., “the brink”).
Paul was driving down the road on a two-lane street when he noticed another car coming at him...in the same lane. Knowing he was in the right, Paul decided he would stay his course and trust the other driver to recognize they were in the wrong lane.
To Paul’s surprise, the other car did not show any sign of switching lanes, demonstrating a level of brinkmanship that caused Paul to swerve into the other lane at the last second, making an obscene hand gesture. Unfortunately, the gesture was lost on the other driver.
Related or Semi-related Video
Finance: What is Consent To Service Of P...156 Views
Finance a la shmoop what is consent to service of process alright well it's [Woman appears on stage]
like when you in tone ironically so sue me and they do or at least they can
well this phrase consent to service of process is a legal acceptance of
financial responsibility when you set up your company in whatever form in [Women discussing company matters]
whatever given state that is when you consent to being served lawsuit papers
at your address of record it makes it all the easier for well whoever to sue [Lawyer gives woman a lawsuit]
you they don't have to hunt you down in the woods or wait for you to show up at
your PO-- box or to try to ID you in a you know Where's Waldo drawing it's hard [Waldo appears in a crowd and runs away]
to do well all they have to do is send what's called a process server basically
registered mail who identifies you and then he you know takes a selfie of [Man takes a selfie with a woman]
himself serving you papers ie handing you an envelope stating that you are
being served well the state had to require this consent because too many
deadbeat companies absconded with unpaid bills unserved responsibilities in
contracts and other omissions that finally force the government to say
enough if you want to do business in our neck of the woods then you'll consent to [Government working demanding consent]
being sued easily and being served yeah don't worry it only hurts the first time
Up Next
What is a Comfort Letter? When a company’s books are being audited, when new pending issue securities are revising their financials to meet compl...
What is a Hostile Takeover? A hostile takeover happens when a buyer goes past the management of a company to acquire it. The company’s management...