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Binding Mediation Agreement
"I need a Binding Mediation Agreement for a commercial property dispute between my construction company and a property developer, with specific provisions for virtual mediation sessions and a requirement that the process must be completed by March 2025."
1. Parties: Identifies all parties entering into the mediation agreement, including full legal names and addresses
2. Background: Outlines the context of the dispute and the parties' agreement to mediate
3. Definitions: Defines key terms used throughout the agreement
4. Appointment of Mediator: Details of the selected mediator and process of appointment
5. Mediation Process: Outlines the agreed procedure for conducting the mediation
6. Confidentiality: Specifies confidentiality obligations of all parties and the mediator
7. Binding Nature: Establishes the binding nature of the agreement and any resulting settlement
8. Costs: Allocation of mediation costs between parties
9. Governing Law: Specifies applicable law and jurisdiction
1. Good Faith Obligation: Additional clause emphasizing parties' commitment to participate in the mediation process in good faith
2. Pre-mediation Procedures: Detailed procedures and requirements to be completed before the mediation begins
3. Virtual Mediation Provisions: Specific rules and procedures for conducting mediation sessions remotely or virtually
4. Expert Involvement: Provisions for the involvement and role of expert witnesses in the mediation process
1. Mediator's Rules of Procedure: Detailed procedural rules adopted by the mediator for conducting the mediation
2. Fee Schedule: Detailed breakdown of mediator's fees, administrative costs, and other associated expenses
3. Confidentiality Agreement: Comprehensive confidentiality terms and conditions for all participants in the mediation
4. Document Submission Protocol: Guidelines and procedures for submitting documents and evidence during the mediation process
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