Review:
Mediation In International Business Disputes
overall review score: 4.3
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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
Related Items
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