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Mediation Submission Agreement is a 5-page legal document that was released by the Financial Industry Regulatory Authority (FINRA) on October 1, 2018 and used nation-wide.
Q: What is a Mediation Submission Agreement?
A: A Mediation Submission Agreement is a document that participants in a mediation process sign to outline the issues they want to resolve and the rules for the mediation.
Q: What is the purpose of a Mediation Submission Agreement?
A: The purpose of a Mediation Submission Agreement is to establish the goals and guidelines for the mediation process, ensuring that all parties are on the same page.
Q: Who typically signs a Mediation Submission Agreement?
A: All parties involved in the mediation process, including the disputing parties and the mediator, usually sign a Mediation Submission Agreement.
Q: What is outlined in a Mediation Submission Agreement?
A: A Mediation Submission Agreement outlines the issues to be discussed, the confidentiality of the process, the decision-making authority, and other important aspects of the mediation.
Q: Is a Mediation Submission Agreement legally binding?
A: A Mediation Submission Agreement is a legally binding contract between all parties involved in the mediation process.
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