International Commercial Mediation
When the parties finally settle their dispute it is important that the mediator ensures that the verbal understanding is reduced to writing. This is important for several reasons such as ensuring that what was “verbally” agreed to is truly understood by each side and that the details of the verbal agreement are then also agreed, i.e. the “how” of the agreement—how the agreement will be implemented, and other such details, which can only be fully determined with a “writing”.
The rest of this document is only available to i-law.com online subscribers.
If you are already a subscriber, click login button.Login