1.In General, this is a cooperative agreement of two or more parties to work jointly towards a common goal. The involved parties may or may not have had any previous relationship. 2. In Knowledge management (KM), Collaboration is a key tenet of KM. This is essential to generating and maintaining a competitive advantage as the effective method of transferring ‘know how’ to a team of individuals. 3. In Negotiations, this is a conflict resolution strategy of using both assertiveness and cooperation to gain solutions worthwhile to all parties. It succeeds best when the interaction among them is directed at attaining common goals and where participants’ goals are compatible.