Friday
Jun252010
Mediation
A structured settlement negotiation facilitated by a neutral third-party, the mediator, to achieve a resolution that satisfies all parties.
A structured settlement negotiation facilitated by a neutral third-party, the mediator, to achieve a resolution that satisfies all parties.
A form of ADR that combines the collaboration of mediation with the authority of arbitration. The parties agree to mediate their dispute and, if unable to settle, they participate in binding arbitration using the same neutral.
A neutral professional who facilitates negotiations between disputing parties and may evaluate the relative merits of their claims. Mediators do not impose decisions; instead, they help people craft solutions that will work for them.