Why do business negotiations often avoid or ignore contingency contracts as options for creative

agreements?

What will be an ideal response?

Contingency contracts are ignored or avoided for several reasons. First, people are unaware of how to construct
contingency contracts, and these contracts are often seen as a form of gambling. Second, negotiators frequently
cannot find a systematic way of thinking about the formulation of contingency contracts. Third, many negotiators
have a "getting to yes" bias, meaning they focus on reaching common ground with the other party and are reluctant
to accept differences of interest, even when this might create viable options for joint gain.