King Gyanendra's takeover of absolute political power in February 2005 paved the way for the Maoists of Nepal and the political parties to fight together for democracy. In signing the 12-point agreement with the Seven Party Alliance (SPA), the Maoists even changed their strategy from a revolutionary agenda to a democratic one. The paper argues that the Maoist departure from the classical resistance model to the path of negotiation was tactical, to overcome the constraints on their way forward. However, the SPA and the Maoists have several issues to settle for making the experiment a success. If this accord fails, Nepal might face a fresh round of conflict and the monarchy might get another chance to dominate the polity.