During a business dispute, you have an obligation to your company to handle the dispute fairly and to save as much money as possible. In severe cases, a business dispute can bankrupt a company. Fortunately, most disputes are breaches of contract and failure to collect payment. Most business disputes do not need to go through full litigation and can benefit from mediation.
According to the U.S. Office of Special Counsel, mediation allows business owners more control over the proceeds.
Mediation can preserve your business relationships
Disputes often happen between two parties with an ongoing relationship. Business litigation can tear apart relationships. When you have to fight for your interests, you cannot concern yourself with the relationship. In mediation, you have more opportunities to work together to devise a solution. It shows the other person or institution your willingness to resolve the issue without damaging your relationship. Even if you do not have an ongoing relationship, you can end on a more amicable note.
Additionally, the procedure is confidential. Unlike a court proceeding, you can keep mediation quiet. If you have other business relationships that may become wary after litigation, you can preserve them without having your dispute aired publically.
Mediation does not strip you of control or money
You have more control over mediation than you would in other circumstances during a dispute. Mediation does not take a lot of time to complete. You can quickly return to your work-related obligations without spending money on an ongoing trial. Both you and the other party have more control over the outcome. You have an equal say in what happens without determining fault.
When you choose mediation, you decide to find a mutual resolution.