No, I do understand what the words negotiated settlement mean, I really do.
But what I'm asking here, is that it would be an uneven negotiation, so when it comes the the crux of it, would the UK be in any position to "not accept" as you term it?
My concern is that negotiations would take place but on EU terms, and so they would not allow the UK to keep "not accepting" - ultimately in a 27 vs 1 situation they could/would impose a settlement and withdraw all their UK links and remove the UK from any legislation.
Of course, we're all speculating here, I understand that too.