Mediation

From LawDepot Law Library

Definition of "Mediation"

Mediation is a way to resolve disputes in a less formal, less rigid and generally more cost effective manner than going to court. It allows both sides to talk candidly about their issues and bring all issues to the forefront. Mediation is generally non-binding on the parties (as opposed to arbitration) so that either party can walk away without a resolution if they feel the process is being handled improperly. That being said, the cost savings of mediation and the opportunity for alternate solutions that create gain for both parties, as opposed to a win/lose situation in litigation, makes the process very appealing for small disputes.