Commercial Mediation

What’s the best way of reaching a conclusion when you find your company in a commercial dispute with seemingly nowhere to go?

Wake Smith Solicitors can help you resolve disputes by opting for Commercial Mediation, and acting as a neutral third party to assist parties in resolving their disputes and reaching mutually acceptable solutions. 

Mike Doherty is an experienced commercial litigator, qualified mediator and an Associate Member of the Civil Mediation Council, allowing him to provide specialist civil/commercial litigation mediation for parties locked in civil/commercial disputes. 

 

Commercial mediation is a constructive process used to resolve disputes between parties, individuals, businesses, or organisations.

Mediation involves a trained mediator who acts as an impartial third party to facilitate communication between disputing parties. A mediator can help you to find a compromise and avoid going to court.

Mediation is voluntary and confidential. Participants agree on what information can be shared outside the mediation process.

  • As mediation is more flexible and less formal, it allows for open dialogue and creative solutions.
  • Mediation can be a very cost-effective way of resolving commercial disputes (especially if attempted at an early stage).
  • A mediator should have a more objective perspective on matters and encourage the parties to think about their objectives rather than their entrenched positions. The mediator is there to facilitate discussion and ultimately a settlement.  
  • Parties can engage without being seen to lose face as mediation is a planned part of the dispute resolution process.
  • Parties can agree on solutions beyond the remedies available to a judge or an arbitrator and outside the scope of the existing dispute.
  • A mediator assists parties in talking through issues, negotiating, and reaching a mutually agreeable solution.
  • Once a mediation settlement agreement is drafted and signed by all parties, it becomes legally binding. However, as mediation is voluntary, it remains voluntary up to the point of the signing of any agreement. Therefore, heading to court remains an option should either party decide not to sign the mediation settlement agreement.
  • The process is consensual – either party can walk away at any time unless an agreement is signed. 
  • Start mediation as soon as possible to prevent situations from worsening.
  • Communications within a mediation are confidential and without prejudice to any Court proceedings, freeing the parties up to have frank and candid discussions.
  • The mediator does not decide who is right or wrong but instead facilitates constructive negotiations and can, if necessary, challenge the parties arguments/positions/reasoning.
  • Agreements arising out of mediation are more likely to be complied with voluntarily and are more likely to preserve an amicable and sustainable relationship between the parties.

Our Mediation services are led by Mike Doherty, an experienced commercial litigator with over 20+ experience in Civil/Commercial Litigation. Mike is a qualified mediator and an Associate Member of the Civil Mediation Council.  

Mike says: “With mediation the parties have flexibility and control over the outcome of their dispute and any agreements reached. They can agree to creative solutions that would not be available for a Judge to order via the Court process.”

"It  is essential to be a good listener and then to facilitate dialogue and focus matters on the parties desired outcomes rather than their legal positions. I am not there to adjudicate but to help the parties reach an agreement by themselves and in turn avoid very costly, time consuming and quite often emotionally draining litigation."

 

To make an online enquiry you can contact us here. Or to speak to our team, call 0114 266 6660.

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