Settling Disputes Using Mediation and Arbitration
Mediation and arbitration settle disputes in a way that is best for startup companies, but bad for lawyers.
Mediation is a way that two parties can find a solution that works out best for both parties, while arbitration is a final decision made by a third party.
The key for startup companies and entrepreneurs is not that they “win” because they are “right”, it is that they get disputes settled and handled quickly. A lawsuit can devastate a company, even when they wind up “winning” in the end.