Negotiation:

It is a non-binding procedure involving direct interaction of the disputing parties, wherein parties approach each other with offer of a negotiated settlement based on an objective assessment of each other’s position. It is a voluntary non-binding process in which parties control the outcome as well as procedures. Negotiation differs from other dispute resolution procedures in as much as it does not involve a third party to facilitate or promote the settlement while all other procedures essentially involve a third party.