Disputes are an unfortunate reality in business. Whether it’s a disagreement within the leadership at your organization or a conflict with another organization, it can be difficult to reach a fair and successful resolution. Fortunately, while formal legal proceedings can be lengthy and expensive, there is an alternative: mediation.
Mediation is a type of dispute resolution method where a neutral third party, a mediator, facilitates discussion between two or more parties and works to help them come to a mutually beneficial agreement. Mediators help keep conversations productive, find common ground, and move the parties toward a successful resolution.
The Benefits of Mediation
In addition to being less expensive and time-consuming than a formal legal process, mediation offers several advantages. For one, mediation provides a way to build a mutually beneficial agreement. Whereas the outcome of a legal process is prescribed by a judge, a mediator can help parties come to an agreement that works for all. This is important not only for the parties involved, but also for the relationship between them, which may be beneficial for future collaborations or projects.
Mediation also allows for much greater flexibility than the legal system. Mediators can help the parties find creative ways to resolve issues that are unique to their situation. This can often be more successful than a one-size-fits-all approach.
Finding a Mediator
If you find yourself in a dispute and would like to pursue mediation, it is important to find a mediator that is both qualified and experienced. The American Bar Association has published helpful resources for finding a qualified mediator. In addition to the ABA, you can search online for a mediator in your area, and check with the local court system to see if they can assist you in finding a mediator.
Conclusion
Though not always the best option, mediation can be a great way to resolve a dispute. Before pursuing a lengthy and expensive legal process, consider the advantages that come with mediation. Working with an experienced and qualified mediator can help you reach an agreement that is mutually beneficial for all parties involved.