What is the role of a mediator in business litigation?

A mediator in business litigation is a neutral third-party who helps parties involved in a dispute to resolve the issue amicably. The mediator has no power to make decisions or to take sides, but rather works with parties to identify potential solutions to the dispute. In New Hampshire, mediators play a key role in resolving disputes between businesses and their customers, suppliers, or other stakeholders. Mediators utilize negotiation and problem-solving techniques to help parties reach an agreement. The mediator helps parties explore possible solutions to the dispute and suggest ways to evaluate these solutions. The mediator may also help parties to understand each other’s point of view and uncover any areas which may need further discussion. The mediator may also help to identify areas of agreement or help create a written agreement outlining the terms of the settlement. In business litigation, the role of the mediator is to help the parties resolve their dispute in an efficient and cost-effective manner. By resolving disputes outside of court, the parties can avoid legal costs and lengthy court proceedings. Mediation is also often quicker than the traditional court process. Most importantly, mediation allows the parties to come to their own agreement that satisfies their needs and interests. This can go a long way towards maintaining a good working relationship between parties.

Related FAQs

What is the role of a mediator in business litigation?

Related FAQs

Related Blog Posts