Wise County TX Mediation & Arbitration Lawyer

Being a leader in the real estate or commercial sector can already be a stressful enough job without major disputes popping up between your colleagues. When this happens, you likely want a quick fix to get back to business as soon as possible. Fortunately, a Wise County, TX, mediation & arbitration lawyer can help to make this happen by guiding you through these alternative dispute resolution options.

At Alagood Cartwright Burke PC, we know that having to deal with these types of disputes can be a nuisance. It’s why we’ve designed our firm to prioritize alternative dispute resolution methods, like mediation and arbitration, rather than forcing our clients to take everything to court. If you are facing the possibility of a trial and want to see if you can resolve the matter through one of these methods, contact us today to learn more about our legal services.

What Is Mediation and Arbitration?

Mediation and arbitration are both programs designed to handle dispute resolution outside the courtroom. They are labeled as “alternative dispute resolution” methods and were created to save parties who can reach a resolution on their own from spending extra time and money in court.

While the terms “mediation” and “arbitration” are sometimes used interchangeably, there are some differences. Mediation is when a neutral third party steps in and facilitates conversations between all contested parties. Their intent is to thoroughly listen to both sides of the story and guide everyone to reach a mutually agreed-upon solution. The outcomes of mediation cases are non-binding, which means that they are not legally enforceable.

In a similar fashion, arbitration also brings in a third party to listen to all stakeholders involved. This individual is called the arbitrator. Like a judge, they will listen to everyone’s side of the story and issue a final decision. This decision is binding, which means that everyone must comply with the outcome or face penalties.

The Advantages of Mediation and Arbitration in Texas

There are several reasons why many in Wise County choose mediation or arbitration to deal with their real estate and commercial disputes. Some of these reasons include:

Avoiding Litigation

Litigating an issue in court could take anywhere from months to years until a final verdict is received. This can cause a lot of unnecessary financial strain. Both mediation and arbitration can prevent this from happening, as they provide an alternate platform to communicate your desires and interests without the process taking too long.

Between not having to wait for scheduled court dates and being mandated to participate in each step of the court process, these alternate options can significantly speed up your case.

Cost-Effective

Both mediation and arbitration can be much less expensive than litigation. These programs were designed to reduce legal fees, court costs, and all the other expenses that are associated with a prolonged court battle. This is achieved through the more informal nature of these processes, which have fewer procedural complications. This, in turn, reduces the overall expenses that will be incurred by both parties.

Confidentiality

Unlike court cases, mediation and arbitration are private sessions between the stakeholders involved and the single facilitator. Establishing this level of confidentiality can be extremely beneficial to those in real estate and commercial disputes, who may be worried about sensitive information being accessible to the public if they were to advance the case to court. The private nature of these sessions also encourages more open and honest communication, which can make the whole process go more smoothly.

Flexibility and Control

Both mediation and arbitration give both parties more control over the process and outcome of their case. This is because the final decision must be agreed upon by both parties, which is not a condition of court litigation. Although arbitration does issue a binding decision, both parties are allowed to select who their arbitrator is before the process begins. This is one example of how having more control of the process can lead to better outcomes that satisfy all involved.

FAQs

Contact Alagood Cartwright Burke PC Today

If you are experiencing a real estate or commercial dispute in Wise County, TX, contact the attorneys of Alagood Cartwright Burke PC today. We would be honored to take on your case and see how we can help you reach a mutually agreed-upon solution that protects your privacy. We look forward to hearing from you and learning more about how we can use our resources to help your business.