Commercial disputes can be defined as disagreements or disagreements between companies. Such disputes may adversely affect the commercial relations and cooperation of companies. The mediation process in resolving commercial disputes in Turkey can help parties reach fast, economical and satisfactory resolutions. In this blog post, we will examine how the mediation process works and its advantages in resolving commercial disputes between companies.
Types of Commercial Disputes and the Role of Mediation
Trade disputes typically relate to situations such as:
Contracts: Disputes regarding contracts between companies arise, especially in cases of breach of contract terms.
Trade payables: Disputes between companies regarding trade payables are especially related to payment problems.
Partnership disputes: Partnership disputes between companies are related to the application and interpretation of the provisions contained in the partnership agreement.
Intellectual property: Commercial disputes can also arise in cases of infringement of intellectual property rights between companies.
Mediation is considered an effective method of resolving such disputes. The parties negotiate to resolve the dispute, accompanied by a mediator, an impartial third party.
Advantages of Commercial Disputes and Mediation Process
The advantages of the mediation process in resolving commercial disputes in Turkey are:
Speed: The mediation process is faster than the court processes. Dispute resolution can usually be accomplished within a few weeks or months. This allows parties to use their time and energy more efficiently.
Cost-effective: The mediation process is less costly than court processes. Costs such as court costs, attorney’s fees, and loss of business during the litigation process can be greatly reduced in the mediation process.
Confidentiality: The mediation process meets the parties’ need for confidentiality. As with court proceedings, the details and results of commercial disputes are not shared with the public. This helps companies protect their business reputation.
Flexibility: The mediation process allows parties to be more flexible in negotiations. The parties can offer their own solution proposals and try to resolve the dispute in the way that best suits their interests.
Cooperation: The mediation process encourages the cooperation and communication of the parties. This can help companies maintain business relationships and cooperation and prevent future disputes.
Operation of Commercial Mediation Process in Turkey
The commercial mediation process in Turkey starts with the parties choosing a mediator first. The parties begin the process by signing a mediation agreement. The mediator listens to the views and demands of the parties and guides the negotiations. The mediator can offer solutions to help the parties resolve the dispute. The parties may conclude an agreement to resolve the dispute in line with the mediator’s suggestions. Once the agreement is reached, the parties sign a mediation agreement and this agreement becomes binding on the parties.
In conclusion, the mediation process in resolving commercial disputes between companies in Turkey offers a number of advantages for the parties. As a fast, cost-effective, confidential, flexible and collaborative solution method, the mediation process helps companies resolve their disputes effectively and maintain their commercial relations. As Karanfiloğlu Law and Mediation, we support you with our experienced mediators and legal experts in resolving commercial disputes between companies. We try to achieve successful results in the mediation process with our professional services in areas such as labor law, contract law and commercial disputes.
