Home / What is commercial mediation? We have got an agreement on trading a house. Now, can we resolve a dispute by commercial mediation?

What is commercial mediation? We have got an agreement on trading a house. Now, can we resolve a dispute by commercial mediation?

20/10/2020


Commercial mediation is the way to resolve a commercial dispute raising among concerned parties and have an arbitrator as the third party to arbitrate, support to resolve the dispute.

To resolve any disputes through commercial dispute, dispute on trading a house need to be raised from commercial field in which the seller and buyer also want benefit purposes. The seller can be individual, group selling real estate, the buyer can be individual, group buying house for lease, office, restaurant, hotel, etc. Either seller or buyer will benefit from this trading such as seller sells the house because of their family circumstance, buyer buys the house to run business or the seller sells the house for business purpose but the buyer buys the house for living.

Moreover, to resolve dispute through mediation, we need to have an agreement between 2 parties about the mediation method. This agreement could be written by 2 parties in which they agree with the mediation terms during mediation process or at the time occuring dispute.

Sir/Madam hasn't given the exact seller and buyer even the purpose of this transaction of every single one so Thinh Tri Commercial Arbitration Center can not give a specific answer to you. You can base on the above consultancy to define exactly whether your circumstance can be disputed by commercial mediation or not?Do not hesitate to contact us via hotline 18006365 for more consultant services.

Best regards,