Final answer:
The mediation process is nonbinding and allows any party to leave at any time. It is a dispute resolution technique involving a neutral mediator who assists in reaching a voluntary agreement, maintaining the flexibility and informality throughout the process.
Step-by-step explanation:
The mediation process is nonbinding, and any party can stop the process at any time. Mediation is a dispute resolution technique where a neutral third party, the mediator, assists the conflicting parties in reaching a voluntary, negotiated resolution. Unlike binding arbitration or litigation, mediation is a flexible and informal process. It focuses on the needs and interests of the parties rather than on the formalities of the law or legal rights.
During mediation, parties maintain control over the outcome, and the mediator does not have the authority to decide the case. Instead, the mediator helps facilitate discussion and guide parties toward a mutually acceptable agreement. If an agreement is reached, it can be formalized in a contract, but either party may choose to exit the process at any stage without penalty.