There are times when business partners do not see eye to eye. Most minor issues that they do not agree on can usually be worked out on their own. At times, however, issues come up that leave the partners (and the progress of their business) at an impasse. Business partnership mediation can be an effective and cost-efficient method for resolving such differences, as well as for negotiating and developing written partnership agreements.
At Advanced Mediation Solutions (AMS), we specialize in helping business partners work out important issues and craft win-win agreements. AMS is owned and operated by professional mediator Roseann Vanella. Roseann spent over a quarter of a century working for a Global Fortune 100 firm, where she excelled in negotiating complex contracts. Roseann handles each mediation session personally, and she puts her extensive experience to work to develop creative and innovate agreements designed to fully satisfy all parties involved.
The Business Partnership Mediation Alternative
For many business partners, particularly those in small to medium-sized entities, the cost to litigate major legal matters can severely damage and even threaten the viability of the business. In addition, the time and expense of resolving these matters in court does not always lead to an amicable settlement. And when the relationship between business partners is strained, it can damage trust and make it challenging to continue doing business together.
Mediation provides a workable alternative for either resolving a business conflict and/or negotiating a partnership agreement. The neutral, third-party mediator meets with the partners in a non-adversarial setting to work out an agreement that fully addresses the needs and interests of each party. The mediation process is typically far less expensive than litigation, can be completed within a shorter period of time, and is kept completely confidential. If necessary, outside experts can also be brought in to provide skilled guidance on various aspects of the agreement. These may include accountants/CPAs, business valuators, and other financial experts.
Successful business partnership mediation typically results in a written agreement that may or may not be enforceable in court (depending on the specifics of the agreement and the preferences of the parties involved). And because the partners came up with the agreement together, they are much more likely to honor it and work closely together for the future benefit of the business. Mediation also helps to better understand the point of view of the other partner(s), which is an understanding that can be drawn upon if/when future disagreements arise.
If you are in need of professional business partnership mediation, contact us today at 856-669-7172 for further information and an initial consultation.