Business contracts commonly have provisions for how disputes relating to a contract are to be resolved. Arbitration in business is a contract-based form of dispute resolution and the contract is a binding document. Reach out to us for more information.
Legal conflicts for any business, regardless of size, can be a challenge. The difference between a mediator and an arbitrator is that a mediator, who is a neutral party, works out an agreement with both parties while an arbitrator makes a binding decision.
Are you trying to decide between arbitration and mediation? While both arbitration and mediation both take place outside of court, each has its own distinct differences.
Studying law as part of your education can be important to your career as a mediator. If you plan to focus on workplace disputes, for example, including business in your education would be beneficial.
A great saying by Ronald Reagan, the 40th U.S. President, “Peace is not absence of conflict, it is the ability to handle conflict by peaceful means.”
What is mediation? It is a voluntary and non-binding process in which a neutral party, called a mediator, assists the parties in reaching their own settlement over a dispute through specialized communication and negotiation techniques.
Mediation provides a divorcing couple with an alternative to an adversarial divorce. Through the process of mediation, parents can work together to create a parenting plan that honors each person’s unique style in bringing up their children.
When conducting a mediation, you will want to make sure that the parties involved in the dispute do not speak directly to each other. The discussion should all go through you as the mediator.
Since mediation helps you reach an early settlement, it saves you money through reduced legal costs. Litigation, on the other hand, can be really expensive.
Mediation is the means of facilitating a negotiation process in which a trained mediator works to bring the parties to an agreement rather than resorting to a judge's decision on the matter.
Arbitration takes place when two parties agree to arbitration either before or after a legal dispute comes up. In recent years, business contracts have been written to include the arbitration process when and if a legal dispute presents itself.
Mediation is the best way to resolve divorce matters, but often litigation is unavoidable. Hire the right attorney the first time to guide you through the process.
Typically, arbitration and mediation processes will specify that each party pays the cost of their representative (lawyer or non-lawyer) with the parties splitting the cost of the mediator's or arbitrator’s fees and expenses.
Do you know that mediation can also occur after a judgment has been given in litigation? If there is a disagreement over the meaning or manner of carrying out a judgment, the parties can seek the mediation assistance.
Mediation is generally conducted with a single mediator who does not judge the case. However, the mediator does help to facilitate a resolution through discussion rather than through a costly court case.
Do you know that mediation enhances the likelihood of the two parties continuing their business relationship with each other? Thus, it is the most appropriate dispute resolution program if you want to keep things amicable.
Personal injury mediation may be requested by the court prior to allowing a person to bring a lawsuit into the system, especially if it has to do with negotiating with an insurance company.
Arbitration is a form of alternate dispute resolution that businesses turn to in order to avoid the disruption that litigation brings. Essentially, a company's owners will want to solve a dispute much faster and at far less cost so they prefer options that don't involve going to court.
Arbitration typically takes place in a conference room or a board room. Arbitration does not take place in a court room. Typically, arbitration can take place anywhere the parties decide upon.
The best advice we can give people about a do-it-yourself divorce, is DON'T do-it-yourself! While people do this to save money, often there are mistakes made that are irreversible. Talk to us about mediation, as it is a sound process for resolving divorce matters.
Child custody mediation is a collaborative process with a common goal in mind: to do what is best for the children. If you are seeking a divorce, mediation can be beneficial in amicably resolving child custody issues.
Arbitration and mediation are similar in intent. Both allow for a more informal alternative to a dispute than the traditional legal litigation process. They are also more cost effective because they reduce legal expenses.