Commercial litigations can be very tedious. Not only will it cost you a lot of money, but a lot of time and energy. Unfortunately, when you are caught up in a litigation, you have no other choice but to face it. Opting for a mediation is already too late. These are exactly the differences between litigations and settlement.
Settlement through mediation is the fastest and the least expensive way to resolve a legal dispute. Both parties have to come up with a mutual decision that will benefit both. The decision mainly comes from them with the help of the mediator and each party’s lawyers. On the other hand, litigation is taking the dispute to court. The process is lengthy, and the decision solely relies on the judge. This is why many businesses prefer to have the disputes settled than taking it to court.