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Saving business relationships through the process of mediation

On Behalf of | Mar 23, 2023 | Business Litigation

New York is a state that’s full of thriving businesses. Some of these companies depend on more than one person to lead them. Unfortunately, it’s rare for partners to agree on every matter. If you and your business partner can’t come to an agreement, mediation is one way to resolve things You can decide if mediation is the right option by asking yourself a few questions.

What are everyone’s goals for resolving a dispute?

The first factor to think about when deciding on mediation involves looking at the goals of all parties. Hopefully, each party involved in a dispute is willing to find a middle ground that leaves everyone satisfied.

Is mediation suitable for everyone?

Mediation can be a great thing when business partners want to work together. However, that’s not always the case. You or someone involved in a business-related dispute could be seeking revenge or harboring a personal vendetta. If that’s the case, mediation might not be the most effective business litigation strategy.

Does each party want to experience the benefits of mediation?

The mediation process gives each disputing party a chance for others to hear them. With that in mind, all parties must understand the importance of listening to all sides of a dispute. If one or all parties don’t want the benefits of mediation, it could be time to look at other dispute resolution methods.

After deciding on mediation, deciding who you’ll choose as a mediator is also essential. All mediators have the intended goal of helping parties resolve disputes. However, selecting a mediator with a preferred mediation style can make this process go even smoother.