Business brings people with mutual interests together, often from different cultures and legal systems. Yet, there are almost always competing interests, and these can become the source of conflict, leading to unanticipated cost, delay, and the frustration of goals. Unlike litigation, which is formalistic, time consuming, and expensive, mediation provides a path to resolution that is the best available alternative at that time.
The success of start-up ventures depends on their ability to execute a business plan. Conflict can derail progress and momentum. Litigation can be a disruption that leads to failure.
Mediation is confidential and can be conducted in person or remotely. Unlike litigation or arbitration, there is no need to initiate a formal proceeding to begin the mediation process. Moreover, the process can be structured to fit the parties’ needs and their circumstances. These characteristics may make mediation a more attractive alternative to litigation.