Mediation is a form of Alternative Dispute Resolution (ADR) in which a neutral third party, known as the mediator, helps disputing parties to communicate, negotiate, and reach a mutually acceptable resolution to their conflict or dispute.
Advantages of mediation
- It is relatively cheap compared to court
- It is generally first since mediators are readily available
- It does not involve complex procedures which must be allowed
- Settlement reached in mediation is more agreeable to both parties than court judgment.
Disadvantages of mediation
- It does not always result to resolution of or dispute if one party refuses to cooperate.
- It lacks procedural protection guaranteed by courts.
- Legal precedents cannot be set in mediation
There is no formal way of compelling the other party to disclose any necessary compelling information.