Business & Commercial Mediation

Commercial Mediation and Business Mediation are two forms of alternative dispute resolution that are used to resolve conflicts between parties. While the two terms are often used interchangeably.

there are some differences between them as follows:

Business Mediation Examples :

Business Mediation is a process that allows an impartial third party to navigate the disputing parties towards a mutually acceptable resolution. It is an interactive process that utilizes negotiation and communication skills to resolve conflicts. The following are some examples of the types of disputes that can beneficially utilize Business Mediation:

  1. Personal disputes: Mediation can be useful for resolving personal disputes among employees. Often, a personal dispute involves a high level of emotion. Adding a third party who doesn’t have any emotional investment can help both parties think logically and go forward towards a mutually acceptable solution. For example, if two employees in a company are in a personal argument that they cannot resolve on their own, a Mediator can help them resolve the conflict.
  2. Business partner disputes: Mediation can help in resolving conflicts between business partners. If a company partners with another business, it’s important to have a strong strategy for handling conflicts. Adding a Mediator to the equation can help both sides reach a resolution they feel is fair and beneficial to them. This can also help both businesses avoid going to court, which saves them money, time and aggravation.
  3. Contract negotiations: Having a Mediator at hand can also be helpful for contract negotiations. Business contracts typically take place between two parties, and adding a neutral third party can help ensure that the contract terms are fair for both parties and meet everyone’s needs. A third party can also be helpful in settling any interpersonal disputes that may arise during the contract negotiation process.