Mediation in commercial law is a method of resolving business disputes through negotiation facilitated by a neutral third party, the mediator. It is widely used for its efficiency, flexibility, and ability to preserve business relationships, making it an attractive alternative to litigation or arbitration.
Key Features of Commercial Law Mediation
- Contract Disputes: Breaches of agreements, payment disputes, or misinterpretation of terms.
- Partnership Disputes: Conflicts between business partners regarding responsibilities, profit-sharing, or exit strategies.
- Supplier and Vendor Issues: Non-delivery, delays, or disputes over quality of goods or services.
- Employment Disputes: Workplace conflicts involving executives or high-value employees.
- Intellectual Property (IP): Disputes over IP rights or licensing agreements.
- Corporate Governance: Disagreements over board decisions or shareholder rights.
- Franchise Disputes: Conflicts between franchisors and franchisees over agreements or operational rules.
