Mediation and conciliation evaluation

• pro - parties are in control
• pro - need not be strictly legal agreement
• pro - makes it easier for companies to do business with each other in the future
• pro - avoids conflict in court, everyone wins
• con - no guarantee it will work
• con - no legal aid available
• con - parties have to be on speaking terms
• con - need a trained mediater/conciliater, could bully weaker party into a settlement
• con - amounts paid in a mediated settlement are usually lower