Stage 2 – Caucuses
Fanny Nater will typically begin separate sessions with each party. At this time, Fanny Nater reasserts her duty to maintain all information said to her by the parties “Confidential.” Thereafter, Fanny begins to gather information about each side’s interests, concerns, and initial offers.
Armed with such information, Fanny Nater begins moving back and forth between the parties for a series of conversations, suggestions, proposals, and counterproposals aimed at reaching a resolution. Fanny Nater will want to know what settlement terms are acceptable and relate those to the opposing party to ensure that there is a meeting of the minds.
At times, the Defending party may not have the authority to make an offer that would settle the case at the mediation. In such a case, Fanny Nater will determine if a continuance of the mediation is in the best interest of all the parties and conclude the mediation with a target date and time to inform the parties of a settlement and the terms of said settlement, or an impasse. If other non-settlement alternatives exist, Fanny Nater will advise the parties at this time.
Depending on the complexity and importance of the matters in dispute, it can take several hours and sometime days to reach an agreement. In approximately 80% of all mediated disputes, a resolution is reached by the parties. Sometimes the resolution is truly a “win-win.” At other times, neither party is thrilled with the deal. However, the goal is to not prolong the matter and to ensure the monetary value of a settlement to the present day.
Afterall, the value of a dollar today is not the same value of a dollar in 1 year or more.