1. Cost
Mediation costs may be significantly less than taking a case to court, especially if mediation is chosen prior to filing a lawsuit.
2. Control
Parties keep control over the outcome of their own problem but can have their advisors present to assist and guide them. In Court the control lies with the judge or jury. Mediation is voluntary, and may be terminated at any time by a party or the mediator.
3. Confidentiality
Mediation is confidential and without prejudice to any proceedings. The mediator and parties must maintain, to the full extent required by law, the confidentiality of the information disclosed.
4. Support
Mediators are trained in working in difficult situations. Both the facts and feelings are considered with the help of an impartial third party. The mediator helps parties think “outside the box” for possible solutions, broadening the range of possible solutions.
5. Compliance
The result is attained by both parties and is mutually agreeable, compliance with the agreement is usually high. This again reduces costs as the parties do not have to pay lawyers to enforce the agreement.
What questions do you have?
We are happy to help. Please post your comment below or call
Lisa Byrne, Audit Manager at Cooney Carey, on 01 677 9000. Alternatively, send her an email: lbyrne@cooneycarey.ie
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