Statistics indicate that over 80 % of all mediations result in settlement. This is true even where all prior attempts at settlement have failed, where the parties were pessimistic about the prospects of settlement, and where the parties have spent substantial amounts of time and money preparing for trial.
With such a success rate, it is wise and relatively inexpensive to try mediation. You have little to lose.
In those few cases where no agreement is reached, the parties still retain the flexibility to walk away from mediation and go to, or continue with, court.
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