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Legal Dictionary
negotiation
Definition of negotiation

Etymology

    < French négociation < Latin negotiatio ("the carrying on of business, a wholesale business") < negotiari ("to carry on business"); see negotiate.

Pronunciation

Noun

negotiation (plural negotiations)

  1. The process of achieving agreement through discussion.

Related terms

See also

Further reading

Negotiation is a dialogue intended to resolve disputes, to produce an agreement upon courses of action, to bargain for individual or collective advantage, or to craft outcomes to satisfy various interests. It is the primary method of alternative dispute resolution.

Negotiation occurs in business, non-profit organizations, government branches, legal proceedings, among nations and in personal situations such as marriage, divorce, parenting, and everyday life. The study of the subject is called negotiation theory. Professional negotiators are often specialized, such as union negotiators, leverage buyout negotiators, peace negotiators, hostage negotiators, or may work under other titles, such as diplomats, legislators or brokers.

Etymology

The word "negotiation" is from the Latin expression, "negotiatus", past participle of negotiare which means "to carry on business". "Negotium" means literally "not leisure".

Source: Wiktionary. Published under the Creative Commons Attribution/Share-Alike License.




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