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The final result of negotiations is usually a formal written communique or agreement that spells out the actions and responsibilities of each side. The most well-known is, of course, the   treatya formal, written agreement between sovereign states or between or among countries and   international organizationsIn the United States, treaties are negotiated through the executive branch, which includes the   Department of StateOnce the negotiators have accepted the terms of the   treatythe president sends the   treaty  to the U.S. Senate for its “advice and consent” on   ratificationor endorsement. If the Senate approves, the   treaty  is returned to the White House for the president’s signature. Many other countries have similar procedures for ratifying agreements and it may be many years before a   treaty  might be signed and implemented. While the United States signed a   Treaty  of Peace with Japan in 1951 after World War II, it did not settle terms of peace with Germany until reunification in 1991, partly because Germany was divided at the end of the war. 

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"Far better is it to dare mighty things, to win glorious triumphs, even though checkered by failure... than to rank with those poor spirits who neither enjoy nor suffer much, because they live in a gray twilight that knows not victory nor defeat.

-- Teddy Roosevelt, 26th President of the United States of America