Here’s a breakdown of what it typically involves:

• Voluntary Process B2B mediation is typically voluntary, where parties agree to participate to resolve their disputes outside of formal litigation.
• Confidentiality: Mediation proceedings are confidential, meaning discussions, proposals, and outcomes generally do not become public records.
• Flexible and Informal: Mediation is informal and flexible, unlike courtroom proceedings. Parties have more control over the process and the outcome as they actively participate in crafting potential solutions.
• Preservation of Relationships: B2B mediation preserves ongoing business relationships. It focuses on finding solutions that are mutually beneficial and sustainable in the long term.
• Cost and Time Efficiency: Mediation can be faster and less expensive than going to court. It allows parties to avoid the time-consuming and costly litigation process.
• Types of Disputes: B2B mediation can resolve many disputes, including contract disagreements, partnership disputes, intellectual property issues, employment conflicts, and more.
• Outcome: If successful, mediation results in a binding agreement that outlines how the parties will resolve their dispute and move forward.

Overall, B2B mediation is a valuable tool for companies looking to resolve conflicts efficiently, maintain favourable business relationships, and avoid the adversarial nature of litigation.