Mediation is a form of Alternative Dispute Resolution (ADR) between two or more parties with concrete effects.
A third party, the mediator, assists the parties to negotiate a settlement. The mediator acts as a neutral party and facilitates rather than directs the process.
Mediation is voluntary and confidential.
Early mediation may eliminate or reduce litigation costs. Resolution is achieved in a matter of hours instead of months or years. Less money is spent on hourly fees and the overall costs.
Mediation is strictly confidential and private. Parties think "outside the box" for possible solutions to their disputes. They also play a large role in the outcome of their dispute having control over a mutually agreeable resolution without the emotional strain of litigation.
A mediated agreement is fully enforceable in a court of law.