Mediation Program for Small Arbitration Claims Mediation Submission Agreement

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.

FAQ

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.