A: Mediation is a cost-effective alternative to litigation and is often contractually required before one litigates. Mediation is the process where a neutral third party facilitates the resolution of a conflict in a confidential setting. This provides the mediation participants with the opportunity to openly discuss their respective dispute.
A: Mediation is confidential. Confidentiality allows participants to speak openly and with candor, without fear that what they say will later be used against them.
A: Mediation by Mediate By Telephone, Inc. are conducted with and without attorneys.
A: Mediation is a means of facilitating a settlement whereas arbitration is a less formal version of litigation and the arbitrator makes the final decision.
A: Yes. Once the parties have agreed on a resolution to their dispute, the resulting settlement agreement is put in writing and signed by all parties. Upon execution, it becomes a binding, legally enforceable contract.
A: If the parties are unable to resolve their dispute through the mediation, they will have satisfied the requirement in most contract disputes to mediate before litigation and then the parties can go to Court.
A: In order for mediation to work, it is essential that certain conditions are met. These include, but are not necessarily limited to:
- All parties must agree to mediate.
- All decision makers must participate.
- All parties must commit to acting in good faith.