BENEFITS OF MEDIATION IN BUSINESS LAW

If you find yourself in a dispute regarding to business law, you might find yourself uneasy about entering into the litigation process. This can be costly, emotionally draining and time-consuming. Luckily, there are alternatives to this traditional form of resolution. Known as an alternative dispute resolution (ADR), mediation allows for both parties to forgo the route of going to court in favor of settling the issue peacefully amongst themselves with the help of professional mediators.

One common option is using what is known as evaluative mediation; this form allows for parties to bring forward their opinion on a fair settlement. In this type of mediation, the mediator can serve as an evaluator and advisor – looking at both arguments to determine the strengths and weaknesses. On the other hand, there is what is known as transformative mediation where the conflict between parties is taken as a communication issue. Here, a mediator serves as a guide to helping the parties solve the issues on their own.

There are several distinct benefits to choosing to handle disputes through mediation although for businessmen and women, one of the most advantageous is the fact that it is much less costly. As litigation can quickly spiral out of control, choosing to mediation is often friendlier on the wallet. Other advantages include a quicker settlement, more satisfactory outcomes, compliance with the terms and customized agreements that are better suited to both parties involved.

Most people also find that they enjoy the control over the process – instead of turning over control to a judge, they are able to have a direct and active role in the creation of the solution. This can be empowering and can pave the way to a continued relationship with the other party as both are typically able to come to an outcome that is best suited for both of them instead of something that is court ordered.

With over 20 years of experience, we at the Matthews Law Firm recognize the issues that can arise from working through a business dispute. If you are looking for an answer and for reliable legal guidance, we encourage you to get the involvement of a Los Angeles business law attorney from our firm as soon as possible. Over the years, we have successfully handled all types of business cases and have proven that we can be helpful in a variety of issues. If you would like to learn more about how we can help or if you would like to schedule an initial case consultation, please do not hesitate to contact a Los Angeles business lawyer from our firm as soon as possible. We will do everything that we can to help you.

Leave a Reply

Your email address will not be published. Required fields are marked *