Small Business Blog http://smallbiz.ifinanceblogs.com Just another iFinance Blogs - Financial Bloggers weblog Tue, 19 May 2009 18:55:44 +0000 http://wordpress.org/?v=2.7.1 en hourly 1 The Benefits of Mediation http://smallbiz.ifinanceblogs.com/2008/08/14/the-benefits-of-mediation/ http://smallbiz.ifinanceblogs.com/2008/08/14/the-benefits-of-mediation/#comments Thu, 14 Aug 2008 16:51:52 +0000 admin http://smallbiz.ifinanceblogs.com/2008/08/14/the-benefits-of-mediation/ Are you considering mediation? There are a number of benefits associated with mediation, including the ability to achieve a quick resolution.

The benefits of mediation include:
  1. As already mentioned, mediation often lets the involved parties resolve their dispute much faster than they would be able to through litigation.
  2. Mediation costs less than litigation.
  3. Mediation can allow the involved parties maintain a healthy relationship. This is especially beneficial for people going through divorces or who are seeking to establish custody rights.
  4. Mediation allows the involved parties to actively participate in negotiations.
In addition, mediation offers greater privacy than arbitration.
]]> http://smallbiz.ifinanceblogs.com/2008/08/14/the-benefits-of-mediation/feed/ Tips for Choosing a Mediator http://smallbiz.ifinanceblogs.com/2008/08/14/tips-for-choosing-a-mediator/ http://smallbiz.ifinanceblogs.com/2008/08/14/tips-for-choosing-a-mediator/#comments Thu, 14 Aug 2008 16:51:52 +0000 admin http://smallbiz.ifinanceblogs.com/2008/08/14/tips-for-choosing-a-mediator/ Mediators can greatly help people looking to resolve a dispute. Mediators can be beneficial for people going through divorces, people looking to resolve employment disputes and more. However, mediation will be effective only if you are able to choose a neutral and experienced mediator.

Are you looking for a mediator? Here are some tips that can help ensure you choose the proper person for the job:
  1. Gather names of mediators. Check your local Yellow Pages for mediation directories. Also, if you have friends of family members that have used a mediator, ask them for recommendations. You can also ask your attorney if he knows of any good mediators.
  2. After you have a list of mediators, begin making calls. Ask each mediator to send you their resumes, references and any other materials you think might be beneficial. After reviewing this material, narrow your list and schedule meetings with your top candidates.
  3. When meeting with your potential mediators, ask them about their training, experience and cost. Also ask them if they have professional liability insurance and if they are certified.
  4. After conducting all of your interviews, take a few days to review all of the information you have gathered and make your decision.
Hopefully, by doing a little research, you will be able to choose a mediator who is qualified, who conveyed neutrality and whom you can trust.
]]> http://smallbiz.ifinanceblogs.com/2008/08/14/tips-for-choosing-a-mediator/feed/ Arbitration Advantages http://smallbiz.ifinanceblogs.com/2008/08/14/arbitration-advantages/ http://smallbiz.ifinanceblogs.com/2008/08/14/arbitration-advantages/#comments Thu, 14 Aug 2008 16:51:52 +0000 admin http://smallbiz.ifinanceblogs.com/2008/08/14/arbitration-advantages/ If you’re involved in a legal dispute, you might be considering arbitration. While in some cases arbitration can be a frustrating and time-consuming process, it does offer a number of benefits over litigation.

While benefits of arbitration may vary, the advantages generally include:
  • Privacy (there are no public records of the proceedings)
  • Lower costs than litigation
  • Increased likelihood over litigation that the involved parties will be able to maintain a functional business relationship following arbitration
In order to get the most benefits from arbitration, however, it is essential to choose a qualified arbitrator.
]]> http://smallbiz.ifinanceblogs.com/2008/08/14/arbitration-advantages/feed/ Choosing an Arbitrator http://smallbiz.ifinanceblogs.com/2008/08/14/choosing-an-arbitrator/ http://smallbiz.ifinanceblogs.com/2008/08/14/choosing-an-arbitrator/#comments Thu, 14 Aug 2008 16:51:52 +0000 admin http://smallbiz.ifinanceblogs.com/2008/08/14/choosing-an-arbitrator/ Opting for arbitration rather than litigation can save you a lot of time, money and headaches. However, in order to make sure the process goes as smoothly as possible, it’s important to choose a skilled and experienced arbitrator whom you can trust. 

Follow these tips when selecting an arbitrator:
  • Choose an arbitrator who is both impartial to and independent of all involved parties.
  • Choose an arbitrator who is best-suited to the dispute (one who has experience with your type of dispute).
  • Choose an arbitrator who can address the needs of the involved parties.
When selecting an arbitrator, remember that the involved parties can either agree upon the person whom they want to be the arbitrator, or they can ask an impartial third party to select an arbitrator.
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