A negotiation process as part of a peace process, in itself, is a stand-alone process that plays a crucial role, even more in regard to asymmetric conflicts. The Oslo I Accord was criticized throughout the years, by both sides, as an agreement that only contributed to the further deterioration of the situation between Palestine and Israel. Unlike traditional analysis of the accord and its results, this chapter analyses the dynamics and components that defined the negotiation, that is, gradualism, win-win, secrecy, and trust building, to explore whether and how they have contributed to the balance of power asymmetry. Acknowledging that a negotiation process can be used to empower the weaker side and reduce asymmetricity, or have the opposite outcome; and that these dynamics have the potential to affect the level of asymmetricity in later stages, the dynamics of the Oslo negotiations process, as the legal framework of the Protocol, and those of the Protocol, are viewed through the prism of the balance of power.