When your business is involved in a dispute, it can lead to both financial and legal complications for your company. You understand the importance of protecting your company's interests, but you also may dread the thought of expensive litigation and going to court. Fortunately, there may be other options available to you.
There are ways to resolve even complex legal disputes out of court. Through the process of mediation, it is possible for two disputing parties to negotiate, discuss concerns and eventually reach a beneficial resolution. While compromise is a component of mediation, this process still gives you an avenue by which you can fight for the outcome that you think is best for your Florida business.
What happens during mediation?
Obviously, mediation is not the right option in every situation. However, there are times when this is the optimal choice instead of heading straight to the courtroom. Even in the most complex situations and difficult disputes between two parties, it may be possible to come to beneficial resolutions out of court. It may help you to understand the following about the mediation process:
- It's a private process, and you will be able to keep the details of your final resolution private if you wish to do so.
- A neutral third-party mediator will help the two parties work through the terms of their agreement, encourage conversations and assist with negotiation.
- Mediation may be a smart choice even when there a situation that does not require litigation – it can be a way to prevent a disagreement from escalating.
- Mediation is often much less expensive than litigation, and it can help you resolve your issues in a more timely manner.
Before you sign a contract or move forward with the litigation process, you may find great benefit in exploring the advantages of mediation and learning how it may work for the needs of your business. An assessment of your case can help you understand if this is the right option for your unique situation.
If mediation breaks down
Sometimes, mediation does not work, even when two parties are willing to start the process. When mediation breaks down, it can be frustrating, but you can move forward with another option, including litigation. Your company's interests are on the line, and you may benefit from working with an attorney who understands complex business disputes and can provide experienced guidance in mediation, litigation and other means of dispute resolution.