What if the mediation fails to result in a mutually satisfactory agreement?
Nothing is lost if mediation does not resolve the dispute. Issues may have narrowed between the parties. Lines of communication may have opened. Parties may have had the opportunity to see the dispute from the other side’s perspective. Both parties still have at their disposal access to more traditional means of dispute resolution, including administrative tribunals and the courts. Many times settlement occurs after the mediation sessions end as a result of the efforts expended in the mediation process.
Related Questions
- If a mortgagor has executed their SFB Agreement, but then the SFB Agreement fails due to nonpayment, when must the mortgagee initiate foreclosure?
- Does the Mediation Program keep a copy or record of the pre-mediation agreement or agreements made by the parties?
- Does mediation result in a legally binding agreement?
