by Barbara Weltman- As a business owner, you know how expensive legal fees can be, so the sooner you can settle disputes, the less costly it is.

Mediation is a dispute resolution process in which parties agree to work out a legal matter themselves with the help of a third party.

Mediation typically is a speedy process (certainly quicker than going to court) and can save you money on legal fees. Recommendations resulting from mediation aren’t binding on the parties, but usually are acceptable after completing the process.

Here are 3 situations where you may want to consider using mediation before proceeding to litigation.

1. Contract Disputes

No matter how lengthy and specific the terms of a contract may be, there always seems to be room for ambiguity or situations that weren’t contemplated….

Read more at SmallBizTrends.com [here].