Why More Companies Seek Mediation Over Litigation

Tag Archives: Mediation

Mediation offers an alternative to litigation or arbitration for resolving disputes. It involves the services of a mediator selected by both parties. But unlike arbitration or litigation, there is no legally binding effect upon participants. Continue reading

In today’s world of business, most business organizations are fond of suing other firms and, the same time, are being sued. However, if a firm is not careful, they can find themselves on the wrong side of the arm when a lawsuit becomes serious, and a legal battle erupts. This is because the hearing sessions can take a long duration before a verdict is met. At the same time, both parties entangled in the lawsuit end up spending a lot of money in solving the case. It is for this reason that most parties that find themselves in such a situation opt to engage in an alternative dispute resolution as a better way of solving their differences. Continue reading

What Is Mediation?

Mediation is an assisted negotiation that involves a neutral third party to help resolve issues for individuals, businesses, and corporations. The goal is to help both parties reach an agreement that is acceptable to both of them. However, this may not always be a case. A mediator should never guarantee either party a specific outcome. Continue reading

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