Farmers Pantry Products Inc. and Market Grocers LLC dispute a term in their contract. If Farmers Pantry and Market Grocers have a long-standing business relationship that they would like to continue, they may prefer to settle their dispute through mediation because

Question

Farmers Pantry Products Inc. and Market Grocers LLC dispute a term in their contract. If Farmers Pantry and Market Grocers have a long-standing business relationship that they would like to continue, they may prefer to settle their dispute through mediation because​

Quizplus · Accepted Answer

Mediation is a non-adversarial process where a neutral third-party mediator helps the parties to reach a mutually acceptable solution. As the disputed term may be contentious, the parties can avoid damaging their long-standing relationship by using mediation to work towards a resolution. Mediation provides a less formal and often more efficient resolution method than going to trial or using an expert.