What is an agreement between two or more sides in which each side gives up some of what it wants?

An agreement between two or more sides in which each side gives up some of what it wants is known as a compromise. In a compromise, parties negotiate to find a middle ground that satisfies their essential needs while sacrificing certain desires. This process often fosters cooperation and helps resolve conflicts by balancing competing interests. Compromises are essential in various contexts, including politics, business negotiations, and personal relationships.