What You Need to Know About Mediation
When disputes arise, whether in business or personal dealings, most people immediately think about courts and lawyers arguing before a judge. But, there’s another path known as mediation. If you're dealing with commercial disputes, mediation might just be the tool you need to resolve things quickly, cost-effectively, and with a lot less stress.
What Is Mediation?
Also known as conciliation, its a form of alternative dispute resolution (ADR) where a neutral third party, called the conciliator, helps the parties involved in a dispute to reach an agreement.
It’s often used in commercial disputes because it provides a middle ground between informal negotiation and formal litigation. When businesses clash over contracts, services, or other business-related issues, conciliation can prevent the ...
