Mediation and settlement agreement

Other Names: Mediation Settlement Agreement Alternate Dispute Resolution (ADR)

What is a Mediation Agreement?

There are many reasons why you may end up in court, but there's a way to avoid it: mediation is an alternative method to resolve disputes, outside of court. You can use a Mediation Agreement to organize the mediation and lay out its framework, so that you can fairly (and inexpensively) resolve your misunderstanding.

A Mediation Agreement helps enable you to self-organize your own dispute, and allows for a neutral party to review the merits of your dispute and help guide each party to a satisfactory conclusion. Aside from cost saving, one of the benefits of this kind of process is that the mediator selected can have expert knowledge in the area of business that you are involved in, which can mean that the resolution reached is more equitable than it might be in court. While mediator isn't a judge or arbitrator, they can be a powerful force in solving disputes. You can use a Mediation Agreement to help save money and time in managing a dispute, so that you can deal with it and get back to work.

When to use a Mediation Agreement:

• You want an resolve a disagreement with a business partner or supplier.
• A dispute broke out, and you want to avoid going to court.
• You're a supplier who's just signed on a new business.
• You own a business that has suppliers and want everyone on the same page.

Sample Mediation Agreement

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Legally binding and enforceable