The benefits may vary according to the nature of the dispute but here are 5 good reasons which apply in almost all cases:
- Mediation usually saves costs and time. Most mediations (more than 80%) are successful and enable the parties to reach a settlement without the costs, time and stress of a court trial. Even unsuccessful mediations often result in settlement at a later date.
- Mediation involves little risk. Either party can withdraw at any stage and the negotiations are entirely confidential and without prejudice. The parties decide what evidence to disclose to the mediator or the other party.
- Mediations are private. They avoid evidence or the terms of a court order becoming public. They enable the parties to speak freely and without the constraints of a courtroom.
- The Mediation process and settlements are very flexible. They enable the parties to discuss and reach agreements on matters which would and could not be decided by a court.
- In sharp contrast to court judgments, mediations frequently help to restore ongoing commercial and personal relationships.