ECO.5:4.1 - Locate the private fact or action

Name what matters to the exchange and who can know or control it. Existing quality, intended use or financial condition can be private information before agreement; maintenance, care or effort can be a later private action. Both can occur together, but changing the payment for an action does not automatically reveal an existing fact.

Describe the consequential alternatives available to each party: disclose, withhold, choose one offer, participate, change effort, manipulate a measure, withdraw or renegotiate. Use realistic available alternatives, not the assumption that every participant follows the author’s preferred plan.