High Low Agreement Mediation: A Guide for Resolving Disputes
If you are involved in a dispute that you cannot seem to resolve on your own, mediation might be the answer. One type of mediation that has gained prominence is known as high low agreement mediation. In this article, we’ll provide an overview of what high low agreement mediation is, how it works, and when it might be useful.
What is high low agreement mediation?
High low agreement mediation is a type of settlement agreement that sets limits on the amount of money both parties are willing to pay or receive in a settlement, regardless of the outcome of the dispute. The high end of the agreement represents the maximum amount that the plaintiff can receive if they win their case, while the low end of the agreement represents the minimum amount that the plaintiff can receive if they lose their case. The defendant is responsible for paying any amount within this range.
How does high low agreement mediation work?
High low agreement mediation typically takes place before a case goes to trial. Both parties must agree to participate in mediation and agree on the high and low amounts within the agreement. The mediator facilitates the negotiation process and helps both parties come to an agreement. If a settlement is reached, the terms of the agreement are legally binding.
When is high low agreement mediation useful?
High low agreement mediation can be useful in cases where both parties want to avoid the risk and expense of going to trial. It can also be useful in cases where the outcome is uncertain, as it sets clear parameters for both parties. Additionally, it can be useful in cases where the emotional toll of litigation is high, as high low agreement mediation can provide a sense of closure and finality.
In conclusion, high low agreement mediation is a type of settlement agreement that sets limits on the amount of money both parties are willing to pay or receive in a settlement. It can be helpful in cases where both parties want to avoid the risk and expense of going to trial, or where the outcome is uncertain. Still, it is essential to consult with a qualified mediator or attorney to determine if high low agreement mediation is right for your case.