Mediation/Arbitration (Med-Arb) is a combination of mediation and arbitration in which parties agree in advance, either by a typical biblical dispute resolution clause incorporating the ICC Rules or mutual submission, that they will attempt to resolve the dispute with the assistance of a mediator but, failing that, those aspects of the conflict that remain unresolved will be submitted to arbitration for a final and binding decision. You may determine at the outset of the process whether the same individual(s) who mediated will serve as arbitrator(s) or if another individual, or panel of three, will be used. New arbitrators will be appointed unless all parties agree to use the same individuals that served as mediators.
A sample Med/Arb agreement may be viewed here.
Ready to proceed with Mediation/Arbitration?