A method of resolving disputes in which the disputing parties voluntarily arrive at a mutually satisfactory agreement is called _______________.

Question

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Negotiation is a process where the disputing parties voluntarily come together to discuss their differences with the intention of arriving at a mutually satisfactory agreement. The process involves identifying and analyzing the issues, exploring possible solutions, and reaching a consensus. The parties have control over the outcomes and the mediator plays a facilitative role. This approach is less formal and less adversarial compared to litigation or arbitration.

A Method of Resolving Disputes in Which the Disputing Parties