Negotiation is defined as a back-and-forth process in which two or more people with different interests must find a way to reconcile or compromise to come up with an agreement.
When you wish to buy an item from a seller and you suggest one price, the seller suggests another and you go back and forth on the issue several times, this is an example of a negotiation.
- a negotiating
- [often pl.] a conferring, discussing, or bargaining to reach agreement
Origin of negotiationClassical Latin negotiatio
- The act or process of negotiating: successful negotiation of a contract; entered into labor negotiations.
- The transfer of a negotiable instrument.
negotiation - Legal Definition
Discussions between adverse parties, with the goal of resolving their differences.