Yes. Due to the ever-increasing costs and delays inherent in litigation, mediation has become increasingly popular as a means of dispute resolution. The mediation process is voluntary, and involves an in-person conference among the parties to a dispute, their attorneys, and an independent third-party mediator. The mediator guides the parties through a discussion of their respective positions, and works to develop a blueprint for the amicable resolution of the dispute. If successful, the mediation concludes with the parties agreeing to the terms of a settlement, thereby affording them an economical resolution that provides both certainty in the outcome and relatively prompt closure. When mediation does not lead to a final resolution of the dispute, the parties are in no worse a legal position, and can turn to traditional litigation to resolve their dispute.
December 5, 2019
What successful small business owners are doing now to kick off 2020
by Neil A. Slenker