What is Commercial Mediation?
Mediation is a method of resolving disputes that does not require the Court to impose a judgement, making it a cheaper and quicker way to reach a resolution.
Very often we find that the Courts actually demand that mediation is tried before they allow proceedings to commence. We therefore advise businesses that need help to resolve a dispute that it’s better to try mediation first rather than face the cost of trying to go to Court.
Mediation is a voluntary process and can only be successful where both parties are happy to attend.
Mediation is therefore unsuitable when either party is unable to accept the situation and is unwilling to negotiate. Sometimes there is such extreme conflict and an imbalance of power between the parties which the mediator simply cannot redress. We will be able to tell you during the initial call as to whether mediation is a worthwhile option for you.
How long does Mediation take?
This depends on the complexity of the case and on the parties' willingness to reach an agreement.It usually takes place over half or full day sessions, and very often a ‘Mediation Settlement Agreement’ is agreed in one or two meetings.
How much does it cost?
Before you commit to mediation you will be told the fixed cost per session and how many sessions are likely to be required. The costs are often split between the parties.
Where does the Mediation take place?
Mediation can take place wherever you would like, however, we recommend a neutral location such as one of our offices.