Business Conflicts Resolved through Mediation are Less Expensive than Lawsuits

Business Conflicts Resolved through Mediation are Less Expensive than Lawsuits

Business relationships are much like any other kind of personal, human relationship – they can help support and build up the individuals who are involved in them, but they are also susceptible to difficulties, break-ups, emotional entanglements, and many other factors that can take a significant toll on those involved, as well as on the business. Business partners, employees and managers, teams and contractors may encounter relationship issues that put a strain on business. When this happens, it is often the best course of action to pursue mediation before dissolving any arrangements that are already in force. No matter what kind of business structure within which conflict arises, there is hope for resolving conflicts in a less expensive venue than might be found through more conventional alternatives, such as litigation. Lawsuits, breaking contracts and commitments, and other legal actions can be extremely expensive and can take a long time to reach a conclusion. A better approach is to try the path of mediation first. Communication between business partners can be facilitated in a formal mediation process by an attorney who is also a trained legal mediator. A mediator can help guide discussions toward a resolution that involves collaborative effort. This is usually more nuanced than traditional ideas regarding compromise and seeks the best possible solutions for everyone involved. Conflicts that seem to be without any hope of resolution can find working solutions through the help of a structured communication format provided by a knowledgeable and experienced mediator. Attorney Robin Becker is lead lawyer and founder of Solutions First, a Chicago law firm specializing in family law, business law, and mediation services. Having practiced law for more than 20 years, Becker is known for her skill in relationship dynamics and offers an “outside the box” approach to the sensitivities that permeate both family relationships and business relationships. Ms. Becker is a well-known public speaker, author, and was honored as one of “100 Women Making a Difference” by Today’s Chicago Woman magazine.