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Is mediation an option for business disputes?

On Behalf of | Jan 4, 2021 | Business And Commercial Law |

When parties have a business dispute, they may immediately think about going to court to resolve the issue. However, in Florida mediation is available as an alternative and there is helpful information available to help parties decide if it is the right option for them.

Mediation is a process that helps parties discuss their dispute with the help of a neutral third party, called a mediator. The mediator does not decide who is right or wrong in the dispute. Instead, the mediator helps to facilitate the conversation to help the parties find a resolution.

Advantages of mediation

Participating in mediation allows the parties to be the decision makers, meaning the issue is not decided by another person who may be unfamiliar with the subject of the dispute.

Mediations are also private and most often also confidential which is unlike disputes that are resolved through the court process. In some situations, the mediator may ask the parties to state in writing that they will keep the information discussed in mediation confidential. However, there are some exceptions to confidentiality which include discussions regarding child abuse, elder abuse or commission of a crime.

Mediation can also save the parties time because it can be much faster than the traditional court process and it may also save them money. It also can promote productive communication between the parties, which may help their future interactions.

Written agreement

If the parties reach an agreement in mediation, the agreement must be put into writing and signed. It then becomes a legally binding document which is enforceable by the court.

An experienced attorney can assist parties with business dispute resolution.