When people and ideas come together in the workplace, disagreements can sometimes arise — but they don't have to stop your business progress or big-picture goals! Alternative dispute resolution can help parties work together toward an outcome they can feel good about.
Mediation is a cooperative process, where both parties work together to negotiate and arrive at a fair, mutually-agreeable resolution. In a mediation setting, both parties may be represented by attorneys, who can serve in an advisory capacity, in addition to helping with the negotiation process. An objective third party – a mediator –works to ensure that the negotiations and discussions remain productive.
Mediation for business disputes can frequently lead to a mutually acceptable resolution. This can be especially good where the parties must continue working with each other. For example, imagine that you’re at odds with a prospective business partner and simply cannot arrive at a mutually-agreeable contract for your partnership. You might opt to engage in mediation so you can explore various real-world solutions and settle on a resolution that works for everyone involved. Of course, mediation doesn’t always work. In many cases, you may proceed to arbitration or to the courtroom.