Mediation is a unique way of settling disputes without the time, expense and uncertainty of going to court. Mediation is confidential, flexible, and can result in outcomes which you could not achieve at court. It is a process which ensures you remain in control – there is no judge to impose a decision on you. Statistics show that 80% of mediations result in a settlement on the day.
At Geldards we know the ropes. We have qualified commercial mediators who regularly act as independent third party mediators, which means we know the process inside out and can help you achieve the best possible result for you and or your business.
Mediation is a voluntary process and can only take place if all parties agree to it. There is no set process of mediation, although it usually involves a mixture of joint sessions with all parties present plus the mediator, and private sessions between the mediator and each party. The settlement, once written down and signed, then forms a binding contract and can be enforced.
If mediation does not resolve the dispute, the outcome of any court proceedings will not be affected by the mediation. What happens at mediation remains confidential and without prejudice and the court cannot be told any details save in exceptional circumstances. Nevertheless, it may count in your favour that you tried to settle the dispute through mediation first, particularly when the court decides who should pay the legal costs of the claim.
If you would like to find out more, please contact one of the firm’s accredited mediators.