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TM - Negotiation

Negotiation is the process through which the parties seek a mutually acceptable solution for items they own or control. Negotiation is not only used for business purposes, sales or for in particular for Project management. People use this all the time in their regular activities. Negotiation is usually considered as a compromise to settle an argument or issue to benefit both the party as much as possible. Negotiation is used for everything but one has to be sure that it is done in the best way possible to achieve maximum benefit. The most important part is planning: preparing well will give an advantage when negotiating.
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