Private Mediation Cost

• Category: Arbitration and Mediation - Contracts
• State: Multi-State
• Control #: US-02296BG
• Format: Word; PDF; Rich Text

Description

The Mediation Agreement between Private Parties is designed to facilitate dispute resolution through private mediation. This form outlines critical elements such as neutrality, confidentiality, and the sharing of costs associated with mediation services. Key features include a stipulation that the mediator does not offer legal advice and a requirement for full disclosure from both parties to ensure effective mediation. The document also addresses the parties' ability to withdraw from mediation and establishes that any resulting agreement will be codified in a Memorandum of Understanding. The form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear framework for mediating disputes efficiently while protecting the interests of all parties involved. Additionally, the sharing of mediation costs is explicitly articulated, promoting transparency and responsibility. Overall, this form serves as a vital tool for legal professionals engaged in private mediation practices, ensuring a structured approach to resolving conflicts.