Benefits of Mediation

Control—Mediation belongs to the parties. The disputing parties control the process, scheduling, costs, and outcome of the dispute.

 

Less Adversarial—The mediation process is informal. It is less confrontational than arbitration or litigation.

 

Preserves Options—Parties can enter into mediation without jeopardizing their option to arbitrate or litigate.

 

Swift Settlement—Most mediations are successfully concluded in a single day. Since mediation can be scheduled soon after a dispute arises, parties reach settlement much earlier than in arbitration or litigation. Many mediations conclude before a formal arbitration claim is filed.

 

Lower Cost —Mediation usually entails lower legal and preparatory costs, there is minimal interruption of business or personal life, lost productivity is kept to a minimum, and the fees and expenses of mediation are modest.

 

Preservation of Business Relationships—By reaching an early resolution with minimal financial or other strain on either party, the chances for preserving business relationships are greatly enhanced.

 

Protects Privacy—Mediation offers greater confidentiality than arbitration.

 

Creative Solutions—Mediators help the parties craft creative solutions.

 

Low Risk—Settlement potential is high. The case proceeds quickly. The cost is modest and there are benefits even if a settlement is not reached.