Business disputes are an inescapable part of running any kind of business. They can arise with clients, between employees, or even with longtime partners. If they are not handled quickly and effectively, they can jeopardize the stability of a company. Fortunately, they can also be resolved through mediation.
Choosing the Right Business Mediator
Finding a good business mediator is critical to any dispute resolution process. The right business mediator will be able to help the parties involved in a conflict find solutions that are mutually beneficial, respectful, and in line with the goals of both sides. Mediation can also be less expensive than litigation.
Often, business owners will find that their local small business association has a mediation program available for its members. If this is the case, a small business owner may want to start there. This is a great way to find a mediator that is familiar with the challenges that small businesses face, and whose services will be well suited for the situation.
The most important thing is that the parties to a business dispute feel comfortable with the mediator they choose. The best way to do this is to have the parties meet the mediator before deciding whether or not they wish to use their services. This can be done in person or through a video conference call. Then, the mediator can explain their process and how they plan on helping the parties resolve their issue.
Once this is done, the parties will then be able to decide if they are comfortable with the mediator or if they would like to look for another option. If the parties do decide to move forward with the mediation, then they will be asked to sign a contract agreeing to participate. Then, they will be scheduled for a session with the mediator.
During the mediation session, the mediator will meet with both parties and their lawyers (if any). The mediator will then help frame a discussion that will lead to a resolution. The goal is to reach a solution that both parties are satisfied with, and that will help prevent future issues from arising. This resolution is typically much quicker than a trial in court, and the parties will often save thousands of dollars in legal fees. In addition, the resolution will be confidential. Business mediators