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Review:

Mediation In Commercial Disputes

overall review score: 4.5
score is between 0 and 5
Mediation in commercial disputes is a process where a neutral third party helps parties in a business conflict come to a mutually agreeable resolution.

Key Features

  • Neutral third-party mediator
  • Confidential process
  • Voluntary participation

Pros

  • Cost-effective alternative to litigation
  • Preserves business relationships
  • Allows for creative solutions

Cons

  • Not legally binding (unless an agreement is reached)
  • May not be effective if parties are unwilling to compromise

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Last updated: Mon, Nov 18, 2024, 06:31:05 AM UTC