Mediation
A voluntary process where a neutral third party helps resolve disputes through negotiation without going to court.
What is Mediation?
Mediation is a voluntary dispute resolution process where a neutral third party (mediator) helps disputing parties negotiate and reach a mutually acceptable agreement without going to trial.
Why It Matters?
It saves time, reduces costs, preserves relationships, and avoids prolonged litigation while providing a confidential, flexible resolution process.
Example
Two businesses in a contract dispute engage in mediation, reaching a settlement on payment terms without filing a lawsuit.
Related Terms
Mediation
Litigation