What are the benefits of using mediation in a legal dispute?

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Are there any limits on the time frame that mediation can take?
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Are there laws governing mediation?
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How is a mediator chosen for a case?
What happens when the mediated agreement is challenged in court?
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How can parties ensure their interests are respected during mediation?
What are the differences between private and court-ordered mediation?
What types of confidentiality issues can arise in mediation?

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