Counterparty

Negotiation Anatomy™

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The other guy won’t be around to talk to our kids
He won’t understand when you’re down the way that I did
We had it all, you and I, we just need to try again —

—Little River Band, The Other Guy

Note the correct , albeit counterintuitive, use of the nominative first person pronoun in the last line there.

The “counterparty” is the other guy to your transaction. Not you.