What is the last stage of mediation when resolution is reached?
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What is the last stage of mediation when resolution is reached?
Step Six: Closure If an agreement is reached, the final stage of the process is putting the main provisions in writing. Your mediator may recommend having the agreement reviewed by your personal lawyer. In most cases, the mediated agreement will need to be approved by a judge to become official.
What happens at the end of mediation?
At the end of the mediation process, the mediator will produce two documents. One is called an Open Financial Statement. This is a narrative summary, usually accompanied by a schedule setting out the parties’ finances. If the case is child related only, there will be no Open Financial Statement.
What is a disadvantage of arbitration?
There are, however, also some disadvantages to arbitration as a method of resolving a dispute. If arbitration is binding, both sides give up their right to an appeal. That means there is no real opportunity to correct what one party may feel is an erroneous arbitration decision.
What are the pros and cons of mediation?
AdvantagesMediation is More Cost-Effective than Court. Mediation Can Save You Time. Mediation is Private & Confidential. Looser Evidence Rules. Mediation Can End Amicably. There are No Guarantees. You Might Want to go Public. Mediation Requires Cooperation.
