Proponents of arbitration also allege that the costs of arbitration are less. Mediation Mediation is a process whereby an impartial mediator assists the parties in reaching a settlement by suggesting ways to resolve the dispute, not by imposing a settlement. The rules envision that an agreement to mediate must be signed by the parties, and a request for mediation filed with an independent organization such as the American Arbitration Association. The mediating agency will appoint a mediator without financial or personal interest in the dispute. The mediator will meet with the parties individually and collectively, but all information disclosed is kept confidential.
Mediation is only as good as the parties intend it to be.
It may facilitate settlement for parties that are willing. It may also provide the parties with a person experienced in resolving disputes and with a structured environment in which to reach an agreement. 2001 MDCSystems . All rights reserved. Trademark and Copyright information.