| |
Mediation |
Court |
| Time |
| You control
when the mediation takes place |
|
| You decide
how long it lasts (generally a day) |
|
|
| The lawyers
and the court system control when proceedings start |
| They control
how long it lasts (months or years) |
|
| Money |
| You know how much it will
cost in advance |
| You share the cost with
the other party |
|
| The costs may add up quickly
and end up being more than the amount in dispute |
| You may have to pay the
costs of the other side |
|
| Lost opportunity
cost |
| You can keep focused on
your business and increasing profit |
| |
|
| You and others in the business
may spend countless hours tied up with the dispute
and miss business opportunities |
| |
|
| Control |
|
| The court decides the outcome |
| |
|
| Confidentiality |
| You, the other party and
the mediators sign an agreement to keep all discussions
and decisions completely confidential to the extent permitted by law or public policy. |
| |
|
| The public and the media
are usually entitled to be in the court room to
listen to the proceedings and the final decision |
| |
|
