Mediation

A voluntary dispute resolution process where a neutral third party helps both sides negotiate a settlement.

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Detailed Explanation

Mediation is faster and cheaper than litigation. A mediator (often a retired judge or experienced attorney) facilitates negotiations but does not make decisions. Mediator fees range from $200-$500/hour, typically split between parties. Sessions last 2-8 hours. Success rates average 70-80%. Mediation is confidential and any settlement is only binding if both parties agree to it.

Related Terms

Settlement

An agreement to resolve a legal dispute without going to trial, where the defendant pays the plaintiff an agreed amount.

Arbitration

A dispute resolution process where a neutral arbitrator hears evidence and makes a binding decision, similar to a private trial.

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