Mediation is an option to consider to solve a variety of different types of legal disputes. Mediation has a number of different benefits parties to a legal dispute should be familiar with.
Mediation is an alternative to traditional litigation which can be costly and contentious. Advantages to mediation include:
Faster
Mediation can be a quicker alternative to litigation. Mediation can provide a significantly reduced timeline for parties to the dispute.
Less costly
Mediation can also be less costly than a lawsuit. The overall costs are lower than those associated with a lawsuit and because the mediation process is typically much shorter, and the dispute can usually be resolved more quickly, there are fewer costs associated with the mediation process as well.
Less formal and greater control
The mediation process is more informal which gives the parties greater control over the process but also allows for more negotiation between the parties to reach an agreeable resolution facilitated by the mediator.
More private
The mediation process is a more private process and is more confidential unlike traditional litigation which is a public process.
Relationship preservation
The mediation process can help preserve relationships because it is more collaborative than adversarial. This can be beneficial for the dispute at hand but can also be beneficial if the parties have an ongoing relationship to help preserve the relationship and create a method of resolving disputes in the future.
In addition, other benefits of mediation can include better outcomes and greater compliance with the agreed upon resolution. Mediation overall has a variety of important benefits to be familiar with that may result in better outcomes for the parties.
