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MEDIATION
Mediation involves using a trained neutral third party to assist disputing parties to bring about a mutually acceptable resolution of an existing dispute. The Mediator convenes joint and separate meetings with the parties to explore interests, needs, positions, and potential solutions. Mediator's do not have the authority to compel a decision, resolutions must be reached and agreed to by the parties themselves.
MED-ARB
Med-Arb is a hybrid process in which the parties attempt to resolve a dispute with the assistance of a trained Mediator and, in the absence of a final resolution, agree to have the Mediator act as an Arbitrator with binding decision-making authority. In some cases the Mediator/Arbitrator's authority is limited to the final settlement offers of the parties and in other cases the Mediator/Arbitrator may fashion any remedy he/she deems appropriate.
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