Put it in Neutral
Next time you're in a dispute, don't litigate--mediate.
In the ordinary course of business, a lawsuit is the course of last resort. Litigation is expensive, time-consuming, mean-spirited and often unfair. Mediation offers a better way.
Mediation is a lot like negotiation, but with a moderator. The mediator is a neutral party who helps the disputants fashion their own settlement. Unlike a judge or a jury, a mediator cannot bind either party. Nonetheless, mediation is astonishingly effective. Studies show high satisfaction rates and that mediated settlements are more likely to hold than litigated ones. Some experts say mediation is successful 80 percent of the time. It's certainly cheaper and faster than going to court.
Continue reading this article - and everything on Entrepreneur!
Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5.
Entrepreneur Editors' Picks
-
When Her Parents' Restaurant Burned Down, This First-Generation Founder's Hot Sauce Brand Rose From the Ashes to Take on Corporate Giants
-
Not Hitting Your Goals? Here's How to Know If You Should Change Tactics or Strategy.
-
You Can Generate Your Own Viral LinkedIn Post With This Hilarious Tool
-
This Couple Lost Everything When the Housing Market Crashed. But Manifesting 'Magic' Helped Them Launch a Metaphysical Brand With 10 Stores.
-
The Best Software Solutions and Tech Providers in the Franchising Industry
-
This 18-Year-Old Student Wanted a Better Way to Keep Track of His School Work. So He Built an App — and a Business.