Being able to resolve disputes between you, instead of requiring a third party to make a decision on your behalf, means it`s easier for the parties to take responsibility and end a process that is emotionally bloody. The first thing you need to do, you and your partner, is the opportunity to get legal advice on the outcome. Ideally, the parties should be represented throughout the mediation process, so that the opinions they have generated and expressed during the mediation can benefit from legal advice. If they haven`t been able to accept advice or haven`t done so for some other reason, the next step would likely be to have a meeting with a lawyer so they can get advice. The parties may also have to consider whether they need financial advice or accounting advice (e.g. B with regard to taxes and structuring) and whether they need to draw up a new will. It should have been explained by your mediator that getting a result in mediation does not mean you have a binding agreement. There are established rules and procedures that deal with how the outcome you have negotiated will be turned into an agreement. Lawyers may wish the parties to sign an exemption from liability as well.
If no case is filed, the lawyers have everyone sign a contract binding the parties to the agreement. A Party may take measures to reduce the risk that settlement agreements will be cancelled or terminated on the basis of misrepresentation. This will be the cornerstone of the consultation that will be given. There is no obligation for the parties to get advice, but if they both had the opportunity, they could proceed with the transformation of the open financial statements and the Memorandum of Understanding into documents that conclude a legally binding agreement. Mediation is a process, not an outcome. The aim of mediation is to help all parties involved reach an agreement through open communication. If the parties cannot find a solution through mediation, it does not necessarily mean that the mediation has failed. Many issues can be resolved throughout the process, even if mediation has not resulted in a final decision. Doing nothing is sometimes an option.
If you can`t agree to change an education contract, change an existing support order, or agree on how to divide assets between you, you can simply maintain the status quo.