Negotiation refers to the conversation between several parties with the aim of resolving their differences, reaching an understanding, gaining advantage, or designing outcomes that satisfy the interests of either party. Negotiation happens within government branches, businesses, and legal proceedings, non-profit organizations, and among nations. Drastic situations include personal situations like marriage, parenting, and divorce. The following study evaluates and describes the subject, theory and practice of negotiation (Fells, 2012). The essay takes considerable references to professional negotiators such as leverage buyout negotiators, union negotiators, hostage negotiators, peace negotiators, legislators, brokers, or diplomats.

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Negotiation takes various forms including trained negotiators acting for certain organizations or positions within formal settings and in informal negotiations such as between friends. Negotiation is contrasted through mediation for illustrations where neutral third parties listen to the arguments of each side and help in designing agreements between such parties. The action is comparable to arbitration, as...
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