Mediation is a preferred way to resolve business disputes because it is a shared process in which a neutral third-party assists the business owners in crafting a mutually beneficial solution. It differs from an adversarial approach, such as arbitration or a trial, because in mediation a resolution is not imposed upon the parties. If the parties cannot agree, there is no settlement. By definition, a successful mediation produces a "Win-Win" result.
If mediation is not successful, the parties are free to pursue all of their legal options, including litigation. Nothing discussed at the mediation can be used in court and the Mediator is bound by a Duty of Confidentiality.
| ...it's the best chance for a Win-Win result
A successful Mediation could:
- Result in an outcome that pleases both parties
- Avoid the high cost of attorneys and litigation
- Eliminate the aggravation and anxiety of a lawsuit
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| Bridge the Gap |
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Be Proactive!
Mediators are commonly contacted when temperatures have reached their boiling point. But why not when the conflict first arises? Call in a mediator when difficult issues first present themselves—before they turn into a dispute.
Consulting a mediator at the first sign of conflict is similar to seeing a doctor at the first sight of pain. You go to a doctor when you first notice the pain in your arm—you don’t wait until your arm is falling off. Effective and long lasting solutions are far more likely to be reached when the issues are reviewed proactively.
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Mediations sessions take place at Stuart I. Teicher's office in East Brunswick, NJ or at another mutually acceptable location that is provided by the parties.
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