The Legal and Ethical Environment of Business: "Chapter 4, Section 2: Mediation"

Read this section. Mediation is somewhat more adjudicative and formal than negotiation. With mediation, we introduce a neutral third party. Litigation also has a neutral third party: the judge. However, a mediator's authority is much more limited, and the parties still need to agree on a resolution. The voluntary nature of mediation can be both a strength and a weakness. Be sure to do the exercises at the end of the section.