Mediation Program for Small Arbitration Claims Mediation Submission Agreement is a 2-page legal document that was released by the Financial Industry Regulatory Authority (FINRA) and used nation-wide.
Q: What is a Mediation Program for Small Arbitration Claims?
A: It is a program that helps resolve small arbitration claims through mediation.
Q: What is mediation?
A: Mediation is a process where a neutral third party helps parties involved in a dispute reach a mutually acceptable resolution.
Q: What type of claims can be resolved through the Mediation Program for Small Arbitration Claims?
A: Small arbitration claims can be resolved through this program.
Q: Who can participate in the Mediation Program for Small Arbitration Claims?
A: Parties involved in small arbitration claims can participate.
Q: What is the purpose of the Mediation Submission Agreement?
A: The agreement outlines the terms and conditions for participating in the mediation program.
Q: How does the Mediation Program for Small Arbitration Claims work?
A: Parties agree to participate in mediation, and a mediator assists them in reaching a resolution.
Q: Is the decision made in mediation legally binding?
A: The decision reached in mediation is not legally binding unless the parties agree to make it so.
Q: Are the details of the mediation process confidential?
A: Yes, the mediation process and its details are kept confidential.
Q: Can parties hire their own attorneys for mediation?
A: Yes, parties can choose to be represented by an attorney during the mediation process.
Q: How long does the mediation process typically take?
A: The duration of the mediation process can vary depending on the complexity of the dispute.
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