Using Mediation to Set Up a New Business or When Your Contract Negotiation is Stumbling
Everyone looks forward to the future when forming a new business or entering into a new business relationship. No one wants to consider the downside or enter into contentious negotiations. Yet that may be the best time.Worse yet, you may be involved in a deal that everyone wants but that is becoming contentious. Should you walk away? |
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Mediation is negotiation on steroids. With the help of an experienced business attorney, the process can help you identify issues and resolve them with less conflict than a typical adversarial process. It can be especially effective with partnerships and joint ventures. When all the parties to a conversation really do want to establish a long-term, profitable business relationship, there are ways for everyone to advance their agendas that don't turn into a conflagration.
People have been applying ADR to contract preparation for a long time. In the labor world, interest arbitration has been used for almost a hundred years to let an arbitrator decide contract terms. Family lawyers have been mediating prenuptial agreements for years. Why not bring these options into the business world?
