It’s a common term used in business and legal circles, but what exactly does intervention mean? In its broadest sense, intervention is a form of action or assistance that a third party takes to help two parties come to an agreement or resolve a dispute. It is most commonly used when two parties are deadlocked and cannot reach a resolution on their own.
Intervention can take many forms, ranging from mediation to arbitration to a form of negotiation. In business, it is often used to settle disputes, negotiate contracts, and facilitate mergers and acquisitions. Interventions also are sometimes employed to resolve family issues such as divorce or custody disputes.
Examples of Intervention
One example of intervention in business is when a company is facing a merger or takeover and both parties cannot agree on the terms and structure of a deal. In these instances, a third party may be brought in to facilitate negotiations. The third party would listen to both sides of the argument, consider various solutions, and act as a mediator to help the parties come to an agreement.
Another instance of intervention is child custody cases. In these circumstances, a third party may be brought in to assess the family dynamics and make decisions in the best interests of the child. This third party could be a court-appointed expert, a psychologist, or even a family friend.
The Benefits of Intervention
Intervention can be extremely helpful in resolving difficult disputes or disagreements. By bringing in a third party, tensions between the two parties can be reduced, and a more effective solution to the problem can be found without damaging the relationship.
In addition, intervention can help reduce costs associated with litigation or long drawn out negotiations. By having an objective third party listen to both sides, they can often bring a unique perspective to the situation and can propose creative solutions that may not have been considered by the parties alone.
Conclusion
Intervention is an invaluable tool to help two parties resolve their differences. By having an objective third party who is able to act as a mediator, both parties can work towards an agreement without negatively impacting their relationship. Intervention is useful in a variety of scenarios, from a merger between two companies to a child custody dispute.