Benefits of the Mediation
Control: The biggest benefits of the Mediation is that the disputing parties make their own decision, and the processes are less stressful comparing to a Court’s proceedings. The parties can explore the misunderstanding, suspicions and other side’s point of view and interest. The parties have opportunities to express their concerns and reasoning.
Confidentiality: The whole process of mediation is private and confidential, and no one can rely on it without the expressed consent of the other party.
Speed: The mediation process is quicker compared to the court’s proceedings.
Lower Costs: Mediation is very cost-effective, and it’s a tiny fraction of the court costs.
Enforceability: The decision made by the parties can be enforced through the court in case of breach by any party.
Without Prejudice privilege: In mediation, negotiation for settlement are usually conducted “Without prejudice” which means that relying on the information revealed in mediation is very restrictive. The contents will remain confidential until the privilege has been lifted or the Settlement has been reached.