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Mediation is a cost effective, confidential process which allows parties in dispute to maintain control of the outcome of the dispute and together participate in reaching a resolution rather than handing control of the resolution to a stranger in the judicial system. Unresolved contract disputes often lead to expensive and prolonged legal action. Litigation may continue for years before a settlement is reached.
Ideal for resolving contract disputes, mediation allows parties to resolve disputes with the assistance of a mediator, who is a neutral third party trained to facilitate communication between parties, to assist parties to identify relevant issues to the dispute, and to reach a fair resolution.
The mediation process works because of the participation of the parties. A resolution crafted by the parties is easier to live with in the long term than an outcome thrust upon them by a judge, governmental, or other administrative process.
The cost of mediation is usually shared by the parties in dispute. Parties may bring attorneys to the mediation to serve as consultants.
When the parties reach a resolution, the mediator drafts a written agreement which states the settlement terms. The agreement is legally binding when the parties sign it.
Mediation may be scheduled within days or weeks and a resolution may be reached in as little as one session, while litigating a contract dispute may take months or years and thousands of dollars before a decision is rendered.
To schedule mediation contact (410) 433-4040.
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