Definition
Mediation is a voluntary process in which an impartial third party supports the parties in seeking a mutually acceptable resolution of a dispute.
Human Explanation
The mediator helps the parties communicate and explore agreement but does not impose a Decision.
Why it Matters
Mediation may resolve disputes faster, at lower cost and with less damage to future cooperation than litigation.
Conceptual Boundary
A mediator does not issue a binding determination. Legal effects of any settlement depend on its form, terms and applicable Law.
Practical Perspective
Mediation is especially useful when parties want to preserve a business relationship despite disagreement.