It is not uncommon for parties to a contract to reach a point in which they dispute the terms or effect of the contract. Rather than pursuing expensive and time-consuming litigation, the parties may agree to contract mediation in Bethesda Maryland. While there are times when contract mediation in Bethesda Maryland may not be the best solution, there are also instances when it can achieve the desired results.
You Want to Maintain a Relationship
Contract mediation is most effective when both parties have mutual respect toward each other and want to preserve their business relationship. Even if they decide to let the current deal go, they may want to work together in the future. It is difficult for parties at war in litigation to preserve a positive relationship. However, contract mediation is premised on the idea that the parties cooperate to reach a solution with which they are both satisfied. The end result of many mediation sessions is that the parties shake hands and walk away still having respect for that person.
You Want to Keep the Deal
Another instance when contract mediation is a good alternative is when the parties want to keep the deal. They may need to make some slight modifications, but they may just need a neutral person to help facilitate communication. Even if the judge ultimately orders a party to perform obligations under the contract, this is usually after months or even years of litigating the case. In mediation, the parties can create their own solution and get back to work on the contract.