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Business Mediation FAQs

Frequently Asked Questions

Q:

Cost

A:

Lowest. Mediation services (and its large group cousin, facilitation), can cost as little as a few hundred dollars, although in the low four figures is more realistic. Great way to keep the decision-making in your hands by avoiding litigation or arbitration.

Q:

Time for Resolution

A:

Quickest form of alternative dispute resolution - sometimes takes only a few hours.

Q:

Types of Cases for which process is most appropriate

A:

Any matter in which the parties are willing to listen to the other side (directly or through the mediator) and are willing to negotiate in good faith. Cases, where there is a significant imbalance between the parties (e.g. one party is at a significant educational or psychological dis-advantage), may not be appropriate for mediation.

Q:

Confidentiality

A:

All documents prepared for the mediation, and all matters discussed in the mediation, are confidential. Only the final agreement, if submitted to the court, is a public document.

Q:

Decision-maker

A:

You and the other party.

Q:

Outcome

A:

Mediator prepares a Memorandum of Understanding or Settlement Agreement, which when signed becomes a binding contract, and may be enforceable by a court.