What happens after the mediation agreement is signed?
After the mediation agreement is signed in Wisconsin, the agreement is legally binding and enforceable. This means that all parties must abide by the terms of the agreement. If either party decides to break the agreement, the other party may take legal action to enforce the agreement. Once the agreement is signed, the parties must carry out their duties set out in the agreement. For example, if the agreement contains a payment plan, then both parties must follow the payment plan in order to satisfy the agreement. If either party fails to do so, the other party may take legal action to force them to follow the payment plan. The agreement may also require the parties to take other steps. For example, if the agreement involves a property transaction, then both parties must follow certain steps to complete the transaction. It is important to note that even if the agreement is signed, the parties can always modify the agreement if necessary. For example, if a party is unable to meet the payments outlined in the agreement, the parties can agree to modify the payment plan. In order to do so, the parties must sign a modification agreement. Finally, it is important to remember that the parties may still need the assistance of a lawyer to properly enforce the agreement. A lawyer can help the parties better understand their rights and responsibilities, as well as assist them with legal action if needed.
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