Shareholders' Agreements · glossary
The third deadlock step, after the chief executives' meeting. One independent mediator, chosen and paid by both owners, helps them agree but decides nothing. The mediation ends after 30 calendar days if nothing is agreed. Clause 6.4 · Chapter 5
Explained in Chapter 5, Deadlock, of Shareholders' Agreements.
The main page for this term is Mediation, in Civil Litigation.
Third comes mediation. If nothing is agreed within ten business days of that meeting, either owner may refer the dispute to one independent mediator. The owners choose the mediator together and share the fees. A mediator decides nothing, but brings a neutral person into the room and a deadline behind it.Read Chapter 5, Deadlock →
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