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BUSINESS MEDIATION PAGE |
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What is the purpose of Business Mediation?
What are the advantages of Business Mediation? How does Business Mediation work? What if the Business Mediation does not work? How is Business Mediation different from litigation? How is Business Mediation different from arbitration? Is Business Mediation ever binding? If my problem were capable of being resolved by Business Mediation, why would I need you? If you want further infomation please contact us. |
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What is the purpose of mediation?Business Mediation offers mature parties with an interest in resolution an opportunity to air their mutual grievances, set them aside, and arrive at a harmonious resolution that is reasonably acceptable to all parties. While usually no party gets everything he or she seeks, all parties get something acceptable. |
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What are the advantages of Business Mediation?The purpose of all businesses is to make and retain as much money as possible. When a dispute arises, there are several goals: to resolve the dispute as quickly as possible, for the least amount of money possible. The financial losses of a law suit are not only the actual costs and legal fees, but the person hours involved in preparing and defending a cause of action, the emotional turmoil which can detract form productive working hours, the possibility of bad publicity effecting future revenue, and, of course, the potential loss of a happy employee, customer, or vendor. |
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How does Business Mediation work?A disinterested, preferably knowledgeable and trained, third party, listens to the parties′ individual understanding of the facts, and then works with all parties to help them find a solution they all find tolerable. |
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What if the Business Mediation does not work?Business Mediation does not exclude opportunities for parties to pursue subsequent arbitration or litigation. If all of the issues are resolved by means of a mediator, the matter does need to go any further. If, however, there are some or all issues unresolved at the end of a Business Mediation cycle, the parties are still free to pursue their other legal remedies. Business Mediation usually helps parties to at least define their points of contention, giving any subsequent arbitration or litigation clearer parameters, and thus saving the parties time and money. |
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How is Business Mediation different from litigation?Litigation is the legal system′s way of involving the judicial system in a dispute between two or more individuals. Litigation follows a set pattern of rules in which certain parties are plaintiffs and others are defendants. The plaintiffs and defendants are usually represented by attorneys. Attorneys communicate with each other and the court, but do not interact directly with the other parties. |
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How is Business Mediation different from arbitration?Arbitration may either be binding or non-binding. The parties determine in advance whether they will abide by the determination of the arbitrator. Sometimes this decision is made long before a matter is ever in dispute, for example, as a clause in a contract. |
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Is Business Mediation ever binding?After the parties reach a mediated resolution, they may wish to enter an agreement amongst themselves memorializing the conditions of the resolution. By signing such an agreement, the parties bind themselves to each other. If the parties want a more substantial bond, they can enter a matter in court with the intention of submitting the agreement as the final resolution of the court matter. A Judge may thereby make the agreement an order of the court. Anyone who subsequently violates the agreement would be subject not only to a breach of contract claim, but also to the stricter penalties of disobeying a court order. These penalties include contempt and may involve fines or jail time. |
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If my problem were capable of being resolved by Business Mediation, why would I need you?The old adage "person who represents himself has a fool for a client" is true primarily because we humans are rarely capable of seeing our own situations from an objective perspective. While you may have honestly tried to resolve a dispute yourselves among the parties, no party can accurately be said to have an unbiased perspective for what a reasonable outcome may be. |
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| Copyright © 2002-2007 Law Offices Gary Oberst, P. C. All Rights reserved. | ||||||||||