Parley (noun)

1. A conference or discussion between enemies or opponents to discuss terms of peace.
2. A formal discussion or negotiation between opposing parties.

Origin:

From old french parler ("to speak"), from latin parabola ("comparison, similitude"), from ancient greek παραβολή (parabolē, "comparison, similitude"), from παραβάλλω (paraballō, "to throw beside"), from παρά (para, "beside") + βάλλω (ballō, "to throw"), means a conference or discussion between enemies or opponents to discuss terms of peace.

Examples:

1. The two sides held a parley to discuss the terms of a ceasefire.
2. The parley was held in a neutral location to avoid any conflicts.
3. The two sides had a parley to discuss the terms of a treaty.
4. The parley was a last effort to avoid war.
5. The parley was attended by representatives from both sides of the conflict.