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Review:

Mediation In International Business Disputes

overall review score: 4.3
score is between 0 and 5
Mediation in international business disputes is a process where a neutral third party helps two or more parties in conflict to find a mutually acceptable solution.

Key Features

  • Neutral third-party mediator
  • Voluntary participation
  • Confidentiality
  • Not legally binding unless agreed upon

Pros

  • Cost-effective compared to litigation
  • Promotes cooperative problem-solving
  • Preserves business relationships

Cons

  • Not always effective if parties are unwilling to compromise
  • May not result in a legally enforceable outcome

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Last updated: Sun, Nov 17, 2024, 05:06:28 PM UTC