Contracts establish the legal rights and responsibilities of the parties who have voluntarily agreed to enter a business relationship with each other. However, problems may arise in which one party believes that the other party did not fulfill their contractual obligations or otherwise breached the contract. When this legal problem arises, the parties may turn to contract dispute mediation to resolve the problem.
During this process, a skilled mediator guides the parties to amicably resolving their dispute without any further involvement of the court. The mediator’s role is to help the parties understand the legal and factual issues better. He or she does not impose a ruling on the parties. Instead, the parties only agree to terms that they are fine with, which results in a mutually satisfactory resolution.
Benefits of Contract Dispute Mediation
Contract dispute mediation offers several key benefits, including:
- The procedure is private, so the parties do not have to worry about damaging their reputation or having a result made public
- The relationship between the parties can often be preserved since the parties collaborated to reach an amicable resolution of their case
- Mediation is faster and less expensive than litigation or arbitration. The parties can often come up with creative solutions to resolve their legal issue that would not otherwise be available in court
- Anything shared in mediation is confidential and cannot later be repeated in court
To schedule your mediation, contact The Mediation Office of F. Shields McManus.