The process of working with a neutral third party to help two or more parties reach an agreement on a contract dispute is known as contract dispute mediation. Mediation, in contrast to litigation, is confidential and voluntary, with the goal of reaching an agreement with both parties. The mediator facilitates communication, identifies issues, and proposes solutions, but doesn’t make binding decisions. This process is often faster, more cost-effective, and less adversarial than going to court. Successful mediation can result in a settlement that satisfies both parties, avoiding lengthy legal battles.
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