Definition : Commercial mediation

Commercial mediation is a form of dispute resolution that involves the use of a neutral third party, known as a mediator, to facilitate communication and negotiation between two or more parties involved in a commercial dispute. This process aims to help the parties reach a mutually acceptable agreement, without the need for costly and time-consuming litigation. The mediator does not make decisions or impose solutions, but rather guides the parties towards finding a resolution that meets their respective needs and interests. Commercial mediation is often used in business and commercial settings, such as contract disputes, partnership disagreements, and employment conflicts. It offers a confidential and flexible alternative to traditional legal proceedings, promoting effective communication and preserving business relationships.

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