There are multiple definitions - click on the translation that matches your context.

Verhandlung

Substantiv

full

negotiation

noun

Definitions of negotiation

formal discussions between people or business entities in order to reach an agreement, especially when the parties are considering forming a contract; the process of discussing and settling on the terms and conditions of a contract

Despite claims that the parties are close to an agreement, insiders say that no negotiations have taken place so far.