Interest-Based Negotiation is a collaborative approach to resolving disputes and reaching agreements. Instead of focusing on positions or demands, this method emphasizes understanding the underlying interests of all parties involved. By identifying what each side truly values, negotiators can work together to find mutually beneficial solutions. This technique encourages open communication and fosters a problem-solving mindset. It often involves brainstorming options that satisfy the interests of both parties, leading to more sustainable and satisfactory outcomes. Interest-Based Negotiation is commonly used in various fields, including business, diplomacy, and conflict resolution.