
Commercial mediation
Commercial mediation is a process where a neutral third party, called a mediator, helps two or more businesses resolve their disputes outside of court. Instead of following strict legal procedures, the mediator facilitates communication and negotiation between the parties to find a mutually acceptable solution. This approach is often faster, less formal, and more cost-effective than litigation. It allows businesses to maintain their relationships and keep sensitive information private. Mediation is voluntary, meaning all parties must agree to participate and the outcome is not legally binding unless they choose to formalize the agreement.