Commercial Mediation
Commercial Mediation
Commercial conflicts between two parties or entities are costly. A common example is the provision of goods or services. In dispute, the supplier will feel the effect of any withholding of payment while the purchaser is unable to realise the actual value of the bought service or good.
Enables the parties to devise their own solutions
Allows for a quick resolution thereby saving on management time
The early intervention of mediation cuts down the costs payable
Establishes one party’s inability to pay at an early stage and enables alternative schedules of repayment to be organised quickly
Establishes one party’s inability to pay at an early stage and enables alternative schedules of repayment to be organised quickly
Allows an opportunity for the relationship to continue
Mediation clauses within contracts offer early settlement of issues
Types of Disputes
- Breach of contract
- Sale of goods and supply of services
- Intellectual property
- Debt collection
- Insurance & shipping
- Banking and finance
- Defamation
- Construction and building contracts