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It is a simple rule of history when financial conditions get difficult, the incidence of commercial disputes goes up. As businesses and corporations fall on hard times, contracts are unable to be met and agreements can often not be kept. These disputes traditionally result in the businesses contacting their lawyers and starting the long road of litigation. Commercial litigation can take a long time and be incredibly expensive.
When the financial straights of corporate America being precarious, it is counter-intuitive that business would turn to a drawn-out and expensive method of conflict resolution. Mediation offers a cost-effective and comparatively swift method of conflict resolution for all types of businesses.
Many corporations already have systems in place to manage their litigation costs. These plans call for writing their intention to mediate disputes directly into their contractual agreements. This is an active method of attempting to manage the cost of commercial disputes. But even those who have not taken these steps can take advantage of all mediation has to offer as well.
When a dispute arises, take the first step and contact a mediator. If you choose CFR, your Mediation Coordinator will help you take it from there. Mediation is efficient and cost effective. Most importantly, as the outcome is crafted solely by the parties to the dispute, there can also be a greater degree of confidentiality regarding the agreement. This confidentiality is often very important to businesses and can be achieved effectively by choosing mediation over traditional litigation.
Because mediation is a voluntary process, the parties can think more creatively about solutions or resolutions that are not available through the litigation approach. Although we have heard plenty about the state of the economy, it is true that not only in “times like these” but in all situations, mediation is a far better approach for business dispute resolution than litigation.
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Tags: Business Litigation, Business Mediation, Businesses, CFR Mediation, Commercial, Commercial Disputes, Conflict Resolution, Corporations, Cost-Effective, Efficient, Litigation Costs, Mediation, Mediation Coordinator
