Negotiation
/nɪˌɡoʊʃiˈeɪʃən/
Definitions
- (n.) The process by which parties communicate to reach a mutual agreement or settlement.
The negotiation between the two companies resulted in a favorable contract.
- (n.) A formal discussion aimed at resolving differences or making a deal.
After lengthy negotiation, the union and management agreed on the new terms.
Forms
- negotiations
Related terms
See also
Commentary
Negotiation often involves strategic communication and concessions to achieve mutually beneficial outcomes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.