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Category: Business Law
The Value of Mediation in Business Disputes
March 14, 2012, 4:03 pm

Mediation of business disputes is a better alternative than expensive litigation.

Mediation is a voluntary process in which two or more parties involved in a dispute work with an impartial party, the mediator, to generate their own solution to settling a conflict.

As an alternative to business litigation, mediation of business disputes is usually less expensive and less time-consuming, leaves control in the hands of the parties rather than the court system and allows the parties to determine their own solutions. Mediation also provides the opportunity to resolve a dispute in a non-adversarial way so that valuable business relationships may continue.

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