Discuss the Role of Negotiation within the framework of Alternate Dispute Resolution (ADR).
Discuss the Role of Negotiation within the framework of Alternate Dispute Resolution (ADR). Ø What is Negotiation Negotiation is derived from the Latin word ‘negotiari’ which means ‘to carry on business, do business’ . Negotiation is very prominent among Indians; we get to see it from the street while negotiating the price of anything with the big multinational companies while negotiating deals with them. Negotiation is defined as self-counseling between the parties to resolve the dispute. In negotiation, parties, with their own will, by discussing politely and patiently, try to come up with a solution that is acceptable to both parties regarding the issue. Negotiation is a process of discussion and communication between two or more parties with the aim of reaching an agreement or resolving a dispute. It involves identifying common interests, exploring potential solutions, and finding compromises that satisfy all parties involved. One of the key reasons why nego...