What is defined as a discussion where two parties try to reach an agreement?

Negotiation is defined as a discussion between two parties aimed at reaching an agreement on a specific issue or set of issues. This process often involves back-and-forth dialogue, where each side presents their views, interests, and proposals in an effort to find common ground and achieve a mutually beneficial outcome. Negotiation can take place in various contexts, such as business contracts, labor disputes, or personal agreements.

In contrast, collective bargaining refers specifically to negotiations between employers and a group of employees or their representatives, typically to determine wages, working conditions, and other employment terms. A collective agreement is the outcome or contract that results from successful collective bargaining. An individual agreement involves negotiations that are specifically between one individual and another party, focusing on personal terms rather than group interests.