Commercial Mediation
What is Commercial Mediation?
Commercial mediation is one of the fastest growing areas of mediation. Commercial parties are now much more aware of the long term costs of protracted legal battles whether in terms of the financial cost, the time spent or the human cost. Increasingly they are turning towards mediators to help them negotiate fair and satisfactory settlements at an early stage.
How Can Mediation Help You?
What mediation does is to turn a dispute that has been framed in legal terms by lawyers back into a commercial negotiation – one in which the parties are in charge of the process and in control of the outcome. The mediator is there to help the parties to reach their own decision about the settlement. The mediator will not impose a settlement upon them. This is a much more empowering experience than court proceedings for the parties.
How Commercial Mediation can benefit your business.
Mediating a commercial conflict offers businesses many advantages over the court process – not least the confidentiality that attaches to the facts of the dispute which can protect business reputations and the possibility of repairing important but damaged business relationships. The speed of mediation also means businesses do not have to carry liabilities on their books for as long as they would have to in commercial litigation.
Do I Need to Engage in Commercial Meditation From the Beginning?
Mediation can be used at any stage of a dispute, even if proceedings have been issued. Whether you have been encouraged to consider mediation by the court or you want to resolve a commercial dispute without the time, money and distraction involved in court proceedings, Third Side Mediation would be happy to help.
Why not contact Third Side Mediation to arrange a free, no-obligation and confidential discussion about your case now?
What Does Commercial Mediation Offer?
TMediation gives businesses more control of their time and of the outcome and, unlike court proceedings, the mediation agreement can reflect commercial considerations. The parties often learn more about their opponent’s case and circumstances in the course of a mediation than they would before going into court. Judgments can therefore be reached by the parties and their legal teams from a more informed position.