MGMT 401 – Fill out after every negotiation and turn in to instructor.Student Name: Laura BrimhallDate of Negotiation:5/4/202Name of Simulation: College TownWho did you negotiate with: Holly LynPOST NEGOTIATION QUESTIONS1.Did the parties reach an agreement? Explain. Yes, the responsibility for paying rent will be traded every month between Chris and Alex. The person not sending the check will put their half of the rent on the fridge at least 3 days before its due. Alex will work on keeping the house, kitchen, and their desk clean. The late fee will be split with Chris paying $50 and Alex paying $20. In order to create an open communication between the two, there will be weekly Sunday check-ins where Chris and Alex can talk and make suggestions to the other. There will also be Taco Tuesdays, where every other Tuesday they have friends over. This gives motivation to keeping the house clean and it means Chris will feel comfortable having friends over.