At some point in the course of owning and operating a business, disputes are bound to arise that require legal assistance to resolve. As a business owner in Georgia, you have a few options for dealing with such disagreements. You can try resolving things through mediation, arbitration or litigation. This week, this column will focus on mediation and how it can be a good way to resolve your business dispute.
What is meditation?
Mediation is an alternative dispute resolution method that involves you and the party with whom you have a dispute, meeting with a mediator to negotiate a solution to the problem. Depending on the complexity of the situation resolution may be reached relatively quickly, or it may take several sessions. Every case is different. One goal of mediation is to keep the matter from going to court.
Why try mediation?
There are several benefits to mediation. First, you can save a lot of time going this route compared to litigation. Second, you can save a lot of money compared to what you’d spend taking your issue to trial. Finally, third, you can keep the details of your case private.
What if mediation fails to produce desirable results?
If you start mediation and it fails to produce the results you desire, there is nothing saying you can’t stop the process and try arbitration or litigation. You certainly can if you believe doing so is necessary and in your best interests. Not sure how to approach your situation, legal counsel can help you figure it out. To learn more about alternative dispute resolution methods available to business owners in Georgia, please take a moment and visit our firm’s website.