Question

When parties voluntarily work out their differences and reach an acceptable solution, what has taken place?

Answer 1

When parties voluntarily work out their differences and reach an acceptable solution negotiation take place.

Negotiation is a dialogue between two or more people or parties to reach the desired outcome regarding one or more issues of conflict. It is an interaction between entities who aspire to agree on matters of mutual interest.

Examples of employee-to-third-party negotiations include: Negotiating with a customer over the price and terms of a sale. Negotiating a legal settlement with an opposing attorney. Negotiating service or supply agreements with vendors.

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