Elaboration:
Faster and Less Expensive:
Mediation is generally faster than litigation, and the process can be more cost-effective for parties involved.
Greater Control:
Parties have a greater say in the process and the outcome compared to litigation where the outcome is decided by a judge or jury.
Preservation of Relationships:
Mediation can be particularly helpful in situations where relationships are important, such as in family disputes or business partnerships, as it allows for more open communication and collaboration.
Flexibility and Customization:
Mediation allows for more tailored solutions than litigation, which can be important in cases with complex issues or specific needs.
Confidentiality:
Mediation sessions are typically confidential, fostering trust and encouraging parties to share information openly.
Voluntary and Informal:
Mediation is a voluntary process, meaning parties can choose to participate and can withdraw at any time. The process is also typically informal, creating a more relaxed atmosphere for discussions.
High Settlement Rates:
Mediation has a high settlement rate, often exceeding 70%, making it a successful method for resolving disputes.
Focus on Interests:
Mediators help parties focus on their underlying interests and needs rather than their formal legal positions, leading to more creative and mutually beneficial solutions.
