Mediation is private and confidential, flexible and informal.
Typically, it is concluded expeditiously at moderate
cost. The subject matter can be complex or simple, the
stakes large or small, the number of parties few or many.
The process typically is far less adversarial than litigation
or arbitration, and therefore less disruptive of business
Since other options are not foreclosed if
mediation should fail, entering into a mediation process
presents few risks.
Frequently cited advantages of mediation include:
• Substantial cost savings
• Promptness of resolution
• Creative, business-driven solutions
• Control over the outcome
• Preservation of business relationships
• Privacy and confidentiality
Jim W Hildreth-Mediator