When doing business, you may find yourself engaged in a commercial dispute, which can include anything from contractors taking issue with their contract to customers disputing the price of products. To make sure that you find a positive resolution, you will need to be sure that the case is handled correctly. For this reason, many companies prefer to use the mediation process. Let us look at some of the benefits this can provide.

1. Faster Than Court
When facing a commercial dispute, you should resolve the matter as quickly as possible. However, if you go to court, the process can often drag out across many months. When you attend mediation, you will tend to reach a decision faster, since it will reduce the amount of uncertainty that the dispute causes, reducing the impact on your business.

2. Save Your Relationships
In some cases, the commercial dispute might arise with someone whom you consider vital for your future business. In these cases, mediation will often allow you to save the relationship. Unlike court, which is a more adversarial process, mediation will let you discuss the issues because both sides can put their cases forward, and you will be more likely to reach a decision that works well for both parties.

3. Less Formal than Court
When you are in court, you will often need to make sure that you abide by specific rules and regulations. This strict process can be challenging to juggle if you are also trying to run a business. Thankfully, the mediation process is less formal. During your business mediation, Tucson can set procedures that will benefit both parties. Also, because it’s less formal, you will be able to feel more relaxed.

4. Less Expensive than Court
Because it has less strict rules, it is much cheaper than going to court. Unlike going to court, the lawyers will not need to prepare to call witnesses and will not have to create as many legal documents, making the mediation process perfect for dealing with minor issues where the costs, if taken to court, could outweigh any benefit that you would receive.

5. Discussions Are Confidential
Finally, the discussions from the mediation sessions are confidential. Unlike courts, there does not have to be any written record or public statements made, which will allow you to resolve the case without risking any damage to your company’s reputation. In some cases, your mediator will be able to take additional steps to make sure that the details of the meeting aren’t revealed, which might include something like a Non-Disclosure Agreement.

As we have seen, there are multiple reasons why you may want to use the mediation process to help settle a commercial dispute. However, to be sure that you get the most benefits from the process, you will need to choose a skilled mediation lawyer. In this area, E. Hardy Smith is a highly experienced business mediator, Tucson. So, get in contact today to learn more about how the mediation process can benefit you.

E. Hardy Smith
https://www.azlawsmith.com/