What is a settlement in which each side gives somthing and gains something?

A settlement in which each side gives something and gains something is often referred to as a compromise. In this type of agreement, both parties make concessions to reach a mutually acceptable resolution, balancing their interests and needs. This approach fosters collaboration and can lead to improved relationships, as both sides feel heard and valued in the outcome. Such settlements are common in negotiations, disputes, and various interpersonal interactions.