What happens if we settle the dispute at mediation, but either I or the opposing party have “buyers’ remorse” and want(s) to back out of the agreement?
If the parties reach an agreement and the parties sign a mediated settlement agreement that comports with the legal requirements for settlement, then the agreement is binding, except in very limited circumstances. When reviewing the mediated settlement agreement, the parties should make sure that the mediated settlement agreement contains all of the terms that they want. The parties should assume that any document that is signed at mediation is a binding legal contract.
Related Questions
- What happens if we settle the dispute at mediation, but either I or the opposing party have "buyers’ remorse" and want(s) to back out of the agreement?
- How much of the fees charged under a successful CFA can a party to a dispute recover from the opposing party?
- What happens if a party does not comply with an agreement reached in mediation?
