Business Mediation is an informal dispute settlement process run by a trained third party, called a mediator. Mediation is intended to bring parties together to clear up misunderstandings, address concerns, and reach a prompt resolution.
During the mediation, every side will present its own view of the issue, and the mediator will work with each side in a caucus to attempt to work out a settlement. At the end of the process, the mediator will present his or her findings in an attempt to facilitate an agreement. The recommended solution is not legally binding, as the decision to accept or reject the proposed resolution rests on the parties involved.
Business Arbitration is the process of bringing a business dispute before a disinterested third party for resolution. The third party, an arbitrator, hears the evidence brought by both sides and makes a decision.
Business Arbitration is a form of alternative dispute resolution (ADR), used in place of litigation in the hope of settling a dispute without the cost and time of going to court. A legally binding arbitration may have substantial legal consequences on the parties involved.
Binding Mediation in which mediation and arbitration is combined. This process starts out with a non-binding mediation. If the parties are unable to reach a mutually satisfactory compromise, a binding arbitration may take place. The prospect of such escalation encourages reasonableness at the mediation stage.
If you need a Central Florida business litigation attorney to represent you at mediation or arbitration we can help. Call us at (407) 205-2330 or fill out our online form provided on this page and our highly experienced Orlando mediation attorney will contact you shortly. We value your privacy and will keep any information strictly confidential.
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