Review:
Mediation In Commercial Disputes
overall review score: 4.5
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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