2.2.4. Negotiation

Negotiation is self counseling between the parties to resolve their dispute. Negotiation is a process that has no fixed rules but follows a predictable pattern. It is the simplest means for redressal of disputes. In this mode the parties begin their talk without interference of any third person. The aim of negotiation is the settlement of disputes by exchange of views and issues concerning the parties. If there is understanding and element of patience between the parties this mode of redressal of dispute is the simplest and most economical. However, in India, Negotiation doesn’t have any statutory recognition i.e through way of legislation.