The parties can explore flexible arrangements: a payment schedule, a way to fulfil obligations, a financial settlement or terms for continuing cooperation. The mediator guides the discussion; business decisions remain with the participants.
Common topics
- Outstanding payments and repayment schedules
- Performance of contracts and contractual settlements
- Disputes between business partners or shareholders
- Terms for continuing or ending cooperation
Participants may be supported by their legal representatives. Before signing a settlement, they should also consider its legal, accounting and tax implications.
Official source