Question

Negotiation implies that both parties accept that the agreement between them is:

Answer 1

Explanation:

Overall, negotiation implies acceptance by both parties that agreement between them is required (or is desirable) before a decision can be implemented.

Answer 2

Answer:

Negotiation implies that both parties accept that the agreement made between them is final and binding.

Explanation:

• It is a strategic discussion that tends to resolve an issue in such a way that both parties find it acceptable.
• During negotiation, each party tries to persuade the other party to agree with their point of view.
• By negotiating, all parties involved should try to avoid arguing but rather agree to reach some form of compromise.
• The final aim of negotiation between the two parties is toward a win-win outcome.
• A win-win outcome is the best result of negotiation. It should be the ultimate goal of negotiation.
• Exchanging the information between both parties is the most important aspect of negotiation.
• Negotiators must have a tendency to negotiate from any of the five styles: competing, avoiding, compromising, accommodating, or collaborative.

Hence, The final result of the negotiation is final and binding.