FINANCIAL MEDIATION PREPARATION
Revenue Mediation believes that all Parties at the mediation table have equal authority to offer, modify, and reject solutions until agreement is reached. Preparing yourself so that time spent is productive, effective, and stays on-track is important to everyone at the table.
In order to assist parties, REVENUE MEDIATION SERVICES offers the following recommendations to make the most of your mediation session:
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If you are unsure of your legal rights, consult an attorney before the session. The mediator’s role is neutrality and to facilitate discussion. The mediator may not give legal advice.
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Do your homework. Bring the financial documents (invoices, PO's,) and photographs documents that support your side of the dispute. There are probably many issues you have thought about in anticipation of the mediation session – write them down and bring them with you. Parties emotionally involved during the mediation session may forget to address an important concern. Clearly identifying issues beforehand not only keeps the discussion focused, it ensures a more thorough settlement agreement when one is reached.
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In addition to writing down the issues, think about various financial solutions that you are willing to present and discuss.
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Your mediation session may take time to complete – be prepared to commit at least 2 hours to the session.
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Relax and feel free to speak openly. Mediation is an informal and confidential process designed to encourage clear communication and to thoroughly explore settlement options.