Operating a business means that you will be dealing with many other people and businesses in Palo Alto, CA, and the surrounding areas, and sometimes these relationships can go awry. At Sugarman & Company LLP, we have seen some businesses duke inadvertently end up in litigation, but it doesn’t have to be that way. Better to go into business mediation with our team and work through the issues on a voluntary basis compared to litigation. While this isn’t always successful, the goal is to find a win-win solution.. Contact us today to learn more about business mediation and how it can benefit all parties.
How Does Business Mediation Work
In business mediation, there are basically three steps to this process. The preliminary stage is where both parties agree to mediation and also agree on a mediator. The preparation stage is where both parties gather their information to present to the mediator. The information stage is where the parties then present their case to the mediator as well as each other. This isn’t a hidden process, and it leads to the negotiation stage where the mediator and parties discuss the and matters and solutions. What makes mediation very beneficial is the cost involved and control of the timing and the resolution.
The closing stage is the end of mediation. At this stage the parties have either agreed in writing to a workable solution, which is the preferred outcome, or they have decided to continue on with other dispute resolution options. If the latter happens, it usually leads to hiring attorneys and going through the court system to resolve the issue.
Benefits of Business Mediation
So why do businesses choose to use business mediation? There are several reasons, choosing to mediate reduces costs dramatically and improves the timing and reducing management time to come to a resolution., and it also is time saving for all parties. Confidentiality is another benefit that most parties enjoy, and in many cases the relationship is preserved even though they have disagreements. Enhanced flexibility is also a benefit as the parties can come to a creative solution that fits their needs best.
In the heat of the moment, litigation often feels like the right solution in Palo Alto, CA, and the surrounding areas. However, cooler heads make more sound decisions, and business mediation facilitated with Sugarman & Company LLP often leads to better outcomes for all involved. Contact us whenever you have a need for business mediation and get our experienced third parties to help you resolve your issues.