Mediation
What is Mediation?
According to Merriam-Webster’s Dictionary, mediation is a means of resolving disputes outside of the judicial system by voluntary participation in negotiations structured by agreement of the parties and usually conducted under the guidance and supervision of a trained intermediary.
Why Do You Need Mediation?
Mediation is a professional and non-binding way of resolving disputes which has many benefits. This process tends to be flexible and much less formal than legal, binding discussions and in many cases, the parties involved have positive outcomes.
Mediation vs Arbitration
Mediation between parties in dispute tends to be non-binding and allows for parties to pursue further resolution through courts and legal channels should they choose to. With arbitration, the process is geared towards a binding resolution between parties and with this, court options and other means are no longer an option. Mediation to resolve disputes has historically been favored when guiding two opposing parties to an agreement.
Benefits of Mediation
Cost:
When it comes to resolving disputes, it can get costly going through legal channels plus the court fees. Mediation cannot only save you a lot of expensive legal fees but it can save you time and money.
Less Stress:
With mediation, the process is voluntary and usually creates a much less stressful environment when talking things out amongst the parties involved. This also tends to open windows of opportunity for reconnecting the parties with the ability to be heard without litigation or arbitration.
Voluntary:
Mediation is a non-binding process that is voluntary amongst the parties involved. This initial gesture of faith between opposing parties to achieve a balanced outcome often shows to have more positive results.
No Litigation:
Aside from the binding nature and cost of involving legal representation paralleled along with the addition of court costs, mediation is a voluntary process that can result in not only a better outcome between parties but a much less costly one as well.
Contracts Agreed on By Both Parties:
That’s right, believe it or not this is a huge benefit that means there is a mutual communication and understanding between both parties to find a beneficial and fair conclusion to their differences.
Are you ready to take the first step
advantage in resolving your conflict?
Reach out to setup an initial
consultation and see how Dispute
Resolution Consulting can help you
find the solution you want.