Glossary

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Mediation
Sometimes before people enter into a legally binding agreement with another party, they may want certain differences and questions addressed before they sign the contract. When two parties cannot reach an agreement that suits both of them, they may choose mediation. Mediation is a process in which a neutral third party helps others reach an agreement and settle their differences before a contract is signed. Different entities can serve as mediaries in disputes. They often are lawyers or someone who works in a legal capacity. Other times, it can be a real estate agent, a social worker, or another professional who understands the legalities of the contract yet has no favor toward either party. Sometimes people are ordered by a judge to seek mediation for their differences. This order happens frequently when people disagree on whether or not a property should be sold or when people want to divide assets.