Paradise, UT asked in Arbitration / Mediation Law for Utah

Q: Contract specifies binding arbitration. The other party seeks to mediate. Would we loose rights in binding mediation.

We have a contract that has been breeched by the other party. We are considering doing binding mediation instead of arbitration because it seems to be less expensive and faster. The other party offered to do a mediation, but maybe not a binding mediation. If we did a binding mediation would we loose any rights. Note--we stand to win $250,000

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1 Lawyer Answer
Tim Akpinar
Tim Akpinar
  • Arbitration & Mediation Lawyer
  • Little Neck, NY

A: A Utah attorney could advise best, but your question remains open for a week. But it would be difficult for ANY attorney to answer your question without knowing more details about the matter, the strength of each party's position, viable defenses, and the rules of the proceeding. Good luck

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