Question

In what types of business disputes do you feel that mediation could be very effective means of resolving disputes? Why?

Answer 1

mediation is more effective means of resolving disputes out of court. At its core, mediation is a voluntary process where a neutral, third party-the mediator-guides two or more parties in dispute through their conflict. The purpose of this semi-formal process is to ensure all parties 'concerns are heard allowing them to generate their own solution via a productive dialogue. Retaining the power to control the outcome of the conflict is just one of many benefits mediation has over litigation. It also saves time and money, is less adversarial, confidential, and structured in a way to maintain relationships and prevent reoccurrence. The result of meditation is a written, signed agreement, which all parties agree is the most mutually beneficial solution.