If you’re a small business owner dealing with a dispute, it’s probably best that you consider mediation. Although people typically think of mediation in the context of family or personal disputes, it’s also often used for resolving business disputes.
Mediation is likewise a great alternative to litigation, which is usually expensive and offers business owners a faster and more economical way of dealing with disputes.
Mediation is a cost-effective and efficient process for solving problems where all parties involved work together to figure out a solution for their dispute.
It’s not a system of policies and rules, as in litigation, but a means of communication, and it doesn’t involve filing documents, court appearance, or discovery, long wait times, and high costs.
You can get help from a specialist in employment law mediation such as Littleton Alternative Dispute Resolution, Inc., which is a more accessible, less formal process that requires the involvement of a neutral mediator to come up with a resolution.
With mediation, all parties involved could express their opinions so the outcome would be more effective and meaningful because everyone mutually contributed to it.
Also, litigation could be very polarizing, while mediation aspires to keep business relationships intact, whether your issue is with a vendor or a customer. Mediators help form discussions to ensure respect and sharing of ideas from all parties.
And since there would be no court judgment involved, parties could work together to try and find solutions for their dispute in a more personal and amicable manner. Mediation is likewise less costly than filing a lawsuit.
This is true even if you work with a private mediator since the other party would share the cost with your company. The entire process is also immensely faster, usually lasting a few hours to a day or two, compared to the countless hours lawyers could need preparing a lawsuit.
If you fail to reach a resolution during mediation, you still would’ve gained something. At the very least, you might have learned about the views of the other party, as well as how they see the dispute. Also, you could always go ahead with litigation if you think that a lawsuit would be best.